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    105 Lemay Drive

    Kingsport, TN 37664
    • $575,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 9913712
    UPDATED: 53 min ago
    $575,000
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1977
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    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.

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    © 2020 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: 2020-11-26T11:59:58.313.
    www.reddooragency.com/homes/110538694
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    105 Lemay Drive Kingsport, TN 37664

    • Price: $575,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 9913712
    1
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    1977
    Built
    County:
    Sullivan
    Area:
    Sullivan
    Elementary School:
    Indian Springs
    Middle School:
    Holston
    High School:
    Sullivan Cent
    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.
    Exterior Features

    Exterior Finish Brick Foundation Block Lot Dimensions 100X250 Parking Features AsphaltParking Spaces Porch Patio Deck CoveredFront Porch Roof Asphalt Style 1 Story2 Story Topography Lot Description Level Walls Drywall Window Features Double Pane Windows

    Interior Features

    Ac Central Air Appliances Electric RangeRefrigerator Building1 Number Half Baths 0.00 Building1 Number Rooms 3 Flooring Laminate Heating CentralElectric Interior Features Eat-In KitchenLaminate Counters

    Property Features

    Auction No Building1 Number Units 12 Building2 Number Units 0 Building3 Number Units 0 Building4 Number Units 0 City Taxes 0.00 County Taxes 2656.35 Easements Other Existing Finance Other Expenses Include Lawn MaintProperty InsuranceRepairs And MaintTaxes Real EstateWater/Sewer Financing CashConventional Foreclosure No Income And Expenses Gross Annual Income 6360000 Lot Number 9 Property Condition Above Average Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Water Public Zoning Commercial

    Listing information © 2020 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Sheryl Garland of Century 21 Legacy.



    © 2020 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: 2020-11-26T11:59:58.313.
     
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    Red Door Agency
    136 W Main St
    Kingport TN, 37660