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    649 Lovedale Drive

    Kingsport, TN 37660
    • $179,900
    • STATUS: Active
    • ON SITE: 191 days
    • MLS #: 9905752
    UPDATED: 112 min ago
    $179,900
    • 8
      BEDS
    • 0.18
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,362
      SQFT
    • $54
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Looking for an investment property with a 10% cap once all units are rented? Look no further. 4 Flex unit with 1 vacant unit that rents for $395. 3 Units occupied for $395 each. Units are 2 bedrooms, 1 bath, living room & kitchen and laundry area. Renters pay all utilities. Cap info based on all 4 units being rented. 4 units times $395 a month =$18,960 yr gross - $2483.98 taxes-$1840 insurance=$14636.02 / list price of $179,900 = 8% cap. ****SQ footage and other measurements provided as a courtesy and not guaranteed to be correct. Some information taken from court house system. Buyer to confirm all information that would be important to him or her. '' Information herein deemed reliable but not guaranteed ''****Seller does not have flood insurance on this building because they do not have a loan on the building.

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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: 2020-09-18T23:59:58.8.
    www.northeasttnhomesearch.com/homes/104051292
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    649 Lovedale Drive Kingsport, TN 37660

    • Price: $179,900
    • Status: Active
    • Updated: 112 min ago
    • MLS #: 9905752
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,362
    SQFT
    $54
    $/SQFT
    1963
    Built
    Neighborhood:
    Downtown,Greenfields,Hillcrest
    County:
    Sullivan
    Area:
    Downtown,Greenfields,Hillcrest
    Elementary School:
    Jackson
    Middle School:
    Sevier
    High School:
    Dobyns Bennett
    Property Description
    Looking for an investment property with a 10% cap once all units are rented? Look no further. 4 Flex unit with 1 vacant unit that rents for $395. 3 Units occupied for $395 each. Units are 2 bedrooms, 1 bath, living room & kitchen and laundry area. Renters pay all utilities. Cap info based on all 4 units being rented. 4 units times $395 a month =$18,960 yr gross - $2483.98 taxes-$1840 insurance=$14636.02 / list price of $179,900 = 8% cap. ****SQ footage and other measurements provided as a courtesy and not guaranteed to be correct. Some information taken from court house system. Buyer to confirm all information that would be important to him or her. '' Information herein deemed reliable but not guaranteed ''****Seller does not have flood insurance on this building because they do not have a loan on the building.
    Exterior Features

    Exterior Finish Brick Lot Dimensions 80 X 100 Parking Features AsphaltParking Spaces Roof Asphalt Style 2 Story Topography Lot Description Flood ZoneLevel

    Interior Features

    Ac Window Unit(S) Building1 Number Half Baths 0.00 Building1 Number Rooms 16 Flooring CarpetVinyl Heating Electric Laundry Features Electric Dryer HookupWasher Hookup

    Property Features

    Auction No Building1 Monthly Rent 2050 Building1 Number Units 4 Building2 Number Units 0 Building3 Number Units 0 Building4 Number Units 0 City Taxes 1106.46 County Taxes 1377.52 Easements Flood Zone Expenses Include Property InsuranceTaxes Real Estate Financing CashConventional Foreclosure No Income And Expenses Annual Utility Expenses 0 Income And Expenses Gross Annual Income 24600 Income And Expenses Net Annual Income 2027602 Income And Expenses Special Assessments 0 Lot Number Pt19 Property Condition Average Property Sub Type Quadruplex Sewer Public Sewer Short Sale No Water Public Zoning B1/R2

    Listing information © 2020 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Joshua Coon of Park Hill Realty Group Llc.



    © 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: 2020-09-18T23:59:58.8.
     
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    Tim Stout Group Tri-Cities | True North Real Estate Advisors LLC
    600 N State of Franklin Rd, Ste. 5
    Johnson City TN, 37604