1725 Jefferson Ave.

    Kingsport, TN 37664
    • $149,900
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 421699
    New On Site 6 Days Ago
    UPDATED: 60 min ago
    $149,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Recent major renovations making for a great investment opportunity. Perfect for beginner as well as seasoned investors, no work needed and 100% occupied so you can immediately begin collecting rental income! Good income & occupancy history, easy to rent. Very low maintenance costs with brand new HVAC in all 4 units, all new vinyl siding, all updated windows-half brand new, updated electrical panels inside & out, metal roof only 5 years old. Each unit comes with a range and refrigerator, most new within the last few years. 4 units total, two top units are 2BR/1BA with laundry room, bottom two units are 1BR/1BA, no w/d hookups. Conveniently located to town, and local amenities. All units currently leased. 2 units with long term tenants on month to month with rent increase potential. Reported expenses include a property management fee that could be eliminated for those who self manage.

    Monthly Payment Calculator



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-05-22T20:59:54.113.
    www.conservusrealestategroup.com/homes/94816670

    1725 Jefferson Ave. Kingsport, TN 37664

    • Price: $149,900
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 421699
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1946
    Built
    Neighborhood:
    Highland,Fairacres,Preston For
    County:
    Sullivan
    Area:
    Highland,Fairacres,Preston For
    Elementary School:
    Jefferson
    Middle School:
    Robinson
    High School:
    Dobyns Bennett
    Property Description
    Recent major renovations making for a great investment opportunity. Perfect for beginner as well as seasoned investors, no work needed and 100% occupied so you can immediately begin collecting rental income! Good income & occupancy history, easy to rent. Very low maintenance costs with brand new HVAC in all 4 units, all new vinyl siding, all updated windows-half brand new, updated electrical panels inside & out, metal roof only 5 years old. Each unit comes with a range and refrigerator, most new within the last few years. 4 units total, two top units are 2BR/1BA with laundry room, bottom two units are 1BR/1BA, no w/d hookups. Conveniently located to town, and local amenities. All units currently leased. 2 units with long term tenants on month to month with rent increase potential. Reported expenses include a property management fee that could be eliminated for those who self manage.
    Exterior Features

    Basement And Foundation Crawl Space Exterior Features Sidewalk Exterior Finish Vinyl Garage None Porch And Patio And Deck FrontPatioPorch Roof Metal Style 2 Story Topo And Lot Description RollingSlopingSteep

    Interior Features

    Appliances RefrigeratorStove Cooling Heat Pump Flooring CarpetHardwoodVinyl Heating Heat Pump Interior Features Cable ReadyCounters-Laminate Unit1 Baths 4 Unit1 Bedrooms 6 Unit1 Sq Ft 2557 Walls Plaster

    Property Features

    Association Fee 0 Building1 Units 4 Easements None Expenses Include Water/Sewer Foreclosure YN No Gross Income 20940 Lot Size Dimensions 50 X 186.77 IRR Multifamily Type Four Plex Net Income 14750.05 Operating Expenses 4382.54 Possession At Close Property Condition Above Avg Special Assessments 0 Tax Amount 579.86 Tax Town County 748.68 Unit1 Rent 1745 Utilities Expenses 1807.41 Vacancy Rate 5 Water And Sewer Sewer-PublicWater-Public Zoning Commercial/Mf

    Listing information © 2019 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Robin Smith of Kw Kingsport.



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-05-22T20:59:54.113.
     
    Conservus Real Estate Group
    402 East Main Street
    Kingsport TN, 37660