Address
105 Lemay Drive Kingsport, TN
Price
$ 575,000
Property Attributes
  • MLS#9913712
  • TypeContingent
  • CountySULLIVAN
  • CityKingsport
  • Zip37664
  • Style1 Story,2 Story
  • Year Built1977
  • Taxes2656
  • Price$ 575,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
CENTURY 21 LEGACY
Property Description

Investors take note, if you are looking for a performing asset with positive cash flow on day one this 12 unit apartment building could work for you! Located off of Memorial Blvd in Kingsport. Its convenient to everything in Kingsport but boast only county taxes. All 12 units are 1 bedroom with separate electrical meters for each. Landlord does currently pay for water ( Approximate $125.00 month and trash approximate $58.00 month. Most units have central heat and air (all but 1). Over the last few years this building has went through several upgrades including but not limited to interior renovations, parking re-pavement, replaced waterline and upgraded site drainage. Other expenses include county taxes $2650.00 and insurance $2900.00 year. Gross rents over $5300.00 month with even higher potential for new investor .Please do not contact/communicate with any tenants. All showings require 24 hour notice. Full property inspection can occur after acceptances of an offer.

Elementary School Middle School High School
Indian Springs Elementary School Holston Middle School Sullivan Cent High School
Price History
9/30/2020 Listed $575,000

General Features

Appliances Electric Range, Refrigerator
Construction Site Built
Financing Cash, Conventional
Flooring Laminate
Heating Central, Electric
Number of Buildings 1
Number of Units 12.00
Property Condition Above Average
Property SubType Multi-Family
Property Type D
Roof Asphalt
Sewer Public Sewer
Water Public
Zoning Commercial

Interior Features

Interior Features Eat-in Kitchen, Laminate Counters
Total Units 12
Walls Drywall
Window Features Double Pane Windows

Exterior Features

Exterior Finish Brick
Foundation Block
Lot Dimensions 100x250
Parking Features Asphalt, Parking Spaces
Porch/patio/deck Covered, Front Porch
Topography/lot Description Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 37664

Price
AVG $250K
$580K
Taxes
AVG $1,815
$2,656
Visits
AVG 13
4
Year Built
AVG 1976
1977

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