This unique offering includes a quadplex and an additional standalone house, providing a total of 5 income-producing units with an 8% cap rate. Recent updates by the owner include new windows, updated flooring, and mini-split units and more! This Conveniently located in Kingsport, close to shopping, restaurants, and other amenities, this property offers tenants easy access to everything they need. Whether you're looking to expand your portfolio or make your first investment, this is an excellent chance to own a property with strong rental potential in a growing area.
Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential. With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use. The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients. This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!
Great investment opportunity with a huge amount of land zoned R3 for expansion! City water, sewer, schools and extensive road frontage. 3 adjacent parcels of land with frontage on Parkridge, Tilthammer and Manor Dr, (see attachment.) 8 total units fully rented, (2) 2 bed/2 bath, (2) 3 bed/2 bath, (4) 2 bed/1.5 bath. Each unit has its own power and water meter, owner pays landscape, pest and trash pickup. Extensive renovations done in 2022/2023. Roof 2015, Siding 6 years ago. Large yard area in the rear of the building, each unit has deck or patio. Plenty of parking in the front, 4 units have one-car garage.
Welcome to an exceptional investment opportunity that seamlessly blends residential comfort with commercial potential. This meticulously maintained 2-story building offers a unique combination of a spacious 3-bedroom, 1-bath living quarters on the top floor, and a versatile commercial office space on the ground floor. With an in ground pool and prime location, this property is an ideal choice for investors, business owners, or those seeking a live/work lifestyle.
Presenting 1223 Wateree Street located in Kingsport, TN. This property features seven units total with five 1 bed, 1 bath units and two 2 bed, 1 bath units. There have been numerous renovations in each of the units including new cabinets, flooring, plumbing, bathrooms, mini split HVACs, and much more. This property is perfect for investors looking to expand their portfolio as this property offers exceptional potential in downtown Kingsport.
Calling all investors!! This 12 Bedroom 11 bath multi family home is exactly what you're looking for! This property is close to East Stone Drive and Dobyns-Bennett High School! Property needs some TLC but still cash flows, and can cash flow even more if fixed up. This building is 11 units bringing in $6,700 a month or $80,400 annually! Owner pays utilities, no HOA or CAM fees. This would be a perfect addition to your investment portfolio, schedule a showing today!
Great investment opportunity. 16 Single wide mobile homes and a 1 house. Sets on 2 parcels. 12mobile homes has HVAC installed 5 to 6 years ago. 6 units has new pex plumbing. All mobile homes will have kool seal roof coating done by mid October 2024. Tenets pay their own power, water, and yard maintenance. There is no monthly owner expenses. All mobile homes are parked owned.
The median home value in Kingsport, TN is $280,000. This is higher than the county median home value of $214,200. The national median home value is $338,100. The average price of homes sold in Kingsport, TN is $280,000. Approximately 54.92% of Kingsport homes are owned, compared to 34.52% rented, while 10.56% are vacant. Kingsport real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kingsport real estate agent to arrange a tour today!
Kingsport, Tennessee has a population of 55,019. Kingsport is less family-centric than the surrounding county with 22.66% of the households containing married families with children. The county average for households married with children is 25.58%.
The median household income in Kingsport, Tennessee is $43,025. The median household income for the surrounding county is $49,661 compared to the national median of $69,021. The median age of people living in Kingsport is 45.2 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 43.9 inches per year, with 9.4 inches of snow per year.