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Church Hill,TN 37642
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,286 sqft
Price per Sqft $112
MLS Listing ID 707080
Bedrooms 8
Full Baths 4
Half Baths 3
Year Built 1998
Annual Tax Amount $8,492
Lot Size 0.920 Acres
Acres 0.92
Lot Dimensions 0.92
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
LOW MAINTENANCE INCOME PRODUCING MULTI-FAMILY COMPLEX. 13 Total units. The main/upper level consists of 9 Townhouse style 2bed/1.5 bath units. The lower 4 units have separate driveway entrance and consist of one level 2 bed/1 bath units. Each unit has own laundry hook-ups. Currently 7 Units rent at $850/month, 3 at $800/month, and one at $1100/month. The other two are vacant while having appliances upgraded in between tenants and they will each rent for $1100/month. So fully rented, that is $11,650/month or $139,800/year!! Seven of the rented units have had same tenant for at least 4 years! Great location in Church Hill, close to grocery stores and only 15 min to Kingsport. Units are all metered separate. City Utilities-Gas, Water, Electric, Sewer. In recent years, windows have been replaced, new blacktop in upper parking area, half of HVACs have been replaced. New appliances added to 4-5 units as needed. There is a storage garage on sight for management to store tools, etc, plus all the plumbing is accessible by an enclosed breezeway that spans the entire length of the building. This is a quality turnkey property!!
Location
State TN
County Hawkins
Direction GPS friendly. From 11W in Church Hill, turn onto Silver Lake Rd. Cross railroad tracks and turn right onto Old Stage Rd. Property on Right.
Rooms
Basement Block,Exterior Entry
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air,Natural Gas
Cooling Central Air,Electric
Exterior
Exterior Feature Awning(s)
Roof Type Shingle
Porch Deck,Patio
Building
Foundation Block
Water Public
Structure Type Brick,Vinyl Siding
Others
Senior Community No
Tax ID 032 05705 000