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116 Highland AVE Church Hill, TN 37642
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Key Details
Sold Price $551,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $239
Subdivision Not In Subdivision
MLS Listing ID 9952525
Sold Date 09/18/23
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1978
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 150 X 150
Property Description
Multiple Offers. Please submit Best and Final by 5pm, Monday, July 10.
Great Value Add Opportunity!!
Brick 10-Plex in Church Hill provides a great value add opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building are all currently rented with a total gross income of $4860 per month. 6 have been remodeled. Roof was replaced in 2020. The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2 bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Strong BRRRR potential. Rear space is not in the owner's current financials and could generate an additional $1700 per month in income once remodeled.
Separate Electric meters. Owner pays water and trash.
Property Information taken from tax records and third party sources. Buyers agent to verify all information.
Location
State TN
County Hawkins
Community Not In Subdivision
Area 0.52
Zoning R-1
Direction Follow US-11W from Kingsport to Silver Lake Rd. Turn Right on Silver Lake Rd. Turn Left onto East Main Blvd. Follow to Highland Ave. Turn Left on Highland avenue and follow to the property at the top of the Hill.
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Vinyl, Carpet
Appliance Electric Range, Refrigerator
Heat Source Heat Pump
Exterior
Garage Gravel
Roof Type Metal
Parking Type Gravel
Building
Lot Description Level
Entry Level Two
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Church Hill
Middle Schools Church Hill
High Schools Volunteer
Others
Senior Community No
Tax ID 044a B 026.00
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Bought with Dawn Shinault • KW Kingsport
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