For more information regarding the value of a property, please contact us for a free consultation.
1305-11 Highpoint AVE Kingsport, TN 37665
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,768 sqft
Price per Sqft $72
Subdivision Kingsport Corp
MLS Listing ID 9951455
Sold Date 07/05/23
Originating Board Tennessee/Virginia Regional MLS
Year Built 1972
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 60 X 239.5 IRR
Property Description
This is the investment property you've been waiting for! Two brick duplexes on the same parcel for a total of four units. The units sit on a nice quite cul de sac.
The one on the corner has a newer metal roof within the past 2 years.
Each unit is two bedrooms, one bathroom and is around 942 square feet.
The tenants pay all utilities and each unit is separately metered for water and electric. The tenants maintain their own lawn. Trash pick up is provided by the City of Kingsport. The owners pay property taxes, insurance, and maintenance costs. The sellers self-manage and do not have any other expenses on the property.
Three of the units are occupied. One unit is vacant because the tenant just moved out and the seller is renovating this unit to make it rent ready. Once it's rent ready they plan on placing a tenant in it for $725 per month unless it goes under contract sooner and the new owner would prefer to place their own tenant.
Location
State TN
County Sullivan
Community Kingsport Corp
Area 0.32
Zoning R 1B
Direction Take Lynn Garden Drive (23) toward Virginia, turn left on May Street, then right on High Point Avenue. Turn right onto Olterman Private Dr. The first unit is on the corner of Highpoint and Olterman. See sign.
Rooms
Other Rooms Shed(s)
Interior
Heating Radiant Ceiling
Cooling Ceiling Fan(s), Window Unit(s)
Heat Source Radiant Ceiling
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Roof Type Metal,Shingle
Building
Lot Description Level
Entry Level One
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Kennedy
Middle Schools Robinson
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 029e B 014.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Bought with Katy Bennett • Hurd Realty, LLC