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401-415 Parkridge Drive

Kingsport, TN 37660
  • $1,245,000
  • STATUS: Active
  • ON SITE: 739 Days
  • MLS #: 9909213
UPDATED: 64 min ago
$1,245,000
  • 18
    BEDS
  • 10.6
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1989
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Incredible investment opportunity, huge amount of room to expand this property with beautiful mountain views! 8 large, townhouse-style rental units (fully occupied) and over 10 acres of land zoned R-3. Three adjacent parcels that total 10.6 acres with frontage on Parkridge Dr, Tilthammer Dr and Manor Dr in the City of Kingsport. Five 2 bedroom, 1.5 bath units, two 3 bedroom 2.5 bath units and one 1 bedroom, 1.5 bath with large office. 4 units have a one-car garage with automatic opener. Refrigerator, stove, disposal, dishwasher and washer/dryer hookup. Each unit has power and water meter. Lovely level yard area at sides and behind building/units. New siding within last 3 years, roof 2014, ample parking. Owner pays lawn maintenance and garbage pickup. All information herein deemed reliable but not guaranteed, buyer or buyer's agent to verify.

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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: 2022-06-27T15:59:56.483.
www.conservusrealestategroup.com/homes/106936666
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401-415 Parkridge Drive Kingsport, TN 37660

  • Price: $1,245,000
  • Status: Active
  • On Site: 739 Days
  • Updated: 64 min ago
  • MLS #: 9909213
18
Beds
10
Baths
0
½ Baths
10.6
Acres
1989
Built
Neighborhood:
City/West
County:
Sullivan
Area:
City/West
Elementary School:
Washington-Kingsport City
Middle School:
Sevier
High School:
Dobyns Bennett
Property Description
Incredible investment opportunity, huge amount of room to expand this property with beautiful mountain views! 8 large, townhouse-style rental units (fully occupied) and over 10 acres of land zoned R-3. Three adjacent parcels that total 10.6 acres with frontage on Parkridge Dr, Tilthammer Dr and Manor Dr in the City of Kingsport. Five 2 bedroom, 1.5 bath units, two 3 bedroom 2.5 bath units and one 1 bedroom, 1.5 bath with large office. 4 units have a one-car garage with automatic opener. Refrigerator, stove, disposal, dishwasher and washer/dryer hookup. Each unit has power and water meter. Lovely level yard area at sides and behind building/units. New siding within last 3 years, roof 2014, ample parking. Owner pays lawn maintenance and garbage pickup. All information herein deemed reliable but not guaranteed, buyer or buyer's agent to verify.
Exterior Features

Exterior Features Balcony Exterior Finish BrickVinyl Siding Foundation Block Lot Dimensions See Remarks Parking Features AsphaltAttachedGarage Door Opener Porch Patio Deck CoveredDeckPorchRear Patio Roof Architect Shingle Style Townhouse Topography Lot Description LevelPart WoodedSlopedSteep Slope View Mountain Walls Drywall

Interior Features

Ac Heat Pump Appliances DishwasherDisposalRangeRefrigerator Basement Crawl Space Building1 Number Half Baths 7.00 Fireplace Great Room Flooring CarpetCeramic TileVinyl Heating ElectricHeat Pump Interior Features Eat-In KitchenKitchen/Dining ComboLaminate CountersPrimary DownstairsWalk-In Closet(S) Laundry Features Electric Dryer HookupWasher Hookup Number Fireplaces 6 Other Rooms OfficePrimary BathroomPrimary BedroomUtility Room

Property Features

Auction No Building1 Number Units 8 Building2 Number Units 0 Building3 Number Units 0 Building4 Number Units 0 City Taxes 5837.54 County Taxes 7267.58 Easements None Expenses Include Lawn MaintProperty InsuranceRepairs And MaintTaxes Real EstateWaste Foreclosure No Income And Expenses Annual Operating Expenses 22546 Income And Expenses Gross Annual Income 61800 Income And Expenses Net Annual Income 39254 Property Condition Above Average Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Water Public Zoning R-3

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Mary Glenn Lively of Southern Dwellings.



© 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: 2022-06-27T15:59:56.483.
 
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Conservus Real Estate Group
402 East Main Street
Kingsport TN, 37660