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237 Emmett Street

Kingsport, TN 37665
  • $369,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 9938267
Price Reduced
UPDATED: 45 min ago
$369,000
  • 0
    BEDS
  • 1.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Information

Elementary School:
Middle School:
High School:

Description

Here's your opportunity to take over an entire portfolio of rentals. Eight separately parceled properties being sold together with a potential for 11 homes total. There are currently seven of the homes that have active renters, one home that needs some remodeling before a it can be rented. Two of the mobile homes need to be removed and replaced and one spot is vacant ready for a new home to be placed there. There's a combination of site built and mobile homes.All homes are on public sewer and water.The current owner has made a significant amount of improvements to the properties in the last couple of years. The fact that the property is split into separate parcels adds lots of flexibility for the next own to either keep it as an entire portfolio or sell the homes individually in the future.

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© 2022 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: 2022-08-11T07:59:53.79.
www.conservusrealestategroup.com/homes/129013146
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237 Emmett Street Kingsport, TN 37665

  • Price: $369,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 45 min ago
  • MLS #: 9938267
0
Beds
0
Baths
0
½ Baths
1.65
Acres
1973
Built
Neighborhood:
Ida Barrett Prop
County:
Sullivan
Elementary School:
Kennedy
Middle School:
Sevier
High School:
Dobyns Bennett
Property Description
Here's your opportunity to take over an entire portfolio of rentals. Eight separately parceled properties being sold together with a potential for 11 homes total. There are currently seven of the homes that have active renters, one home that needs some remodeling before a it can be rented. Two of the mobile homes need to be removed and replaced and one spot is vacant ready for a new home to be placed there. There's a combination of site built and mobile homes.All homes are on public sewer and water.The current owner has made a significant amount of improvements to the properties in the last couple of years. The fact that the property is split into separate parcels adds lots of flexibility for the next own to either keep it as an entire portfolio or sell the homes individually in the future.
Exterior Features

Exterior Finish OtherVinyl Siding Lot Dimensions Irr Style RanchSee Remarks Topography Lot Description LevelRolling Slope

Interior Features

Ac Heat Pump Heating Heat Pump

Property Features

Auction No Building1 Monthly Rent 750 Building2 Monthly Rent 550 Building3 Monthly Rent 615 Building4 Monthly Rent 715 City Taxes 1903.36 County Taxes 2438.06 Easements Power Line Expenses Include Property InsuranceProperty ManagementTaxes Real Estate Foreclosure No Lot Number 13 Property Condition AverageFixerUpdated/Remodeled Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Water Public Zoning R 1B

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Kelly Johnson of Fathom Realty.



© 2022 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: 2022-08-11T07:59:53.79.
 
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Conservus Real Estate Group
402 East Main Street
Kingsport TN, 37660