1223 Wateree ST Kingsport, TN 37660
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision City Of Kingsport
MLS Listing ID 9998329
Style Traditional
HOA Y/N No
Year Built 1930
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 137.83 X 78.28 IRR
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord.
The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency.
With a cap rate of 8.5%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
Location
State TN
County Sullivan
Community City Of Kingsport
Area 0.26
Zoning R 1B
Direction From Eastman Road follow Fort Henry Drive to Left on E Center St. Follow E. Center Street to right on Wateree St. Follow Wateree St. to the property on the left at the corner of Wateree and Oak St.
Interior
Heating See Remarks
Cooling See Remarks
Flooring Hardwood
Appliance Dishwasher, Electric Range, Refrigerator
Heat Source See Remarks
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Roof Type Metal
Topography Level
Building
Story 2
Entry Level Two
Water Public
Architectural Style Traditional
Level or Stories 2
Structure Type Brick
Schools
Elementary Schools Lincoln
Middle Schools Sevier
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 046o E 04800 000
Nearby Locations
Larry C. LeSueur
Real Estate Professional, Realtor | License ID: TN 361390, NMLS# 2467587