216 Colonial Heights Road, Kingsport, TN 37663

$1,425,000

Property Type: Multi Family Square Footage: 13,739 Lot Size (sq. ft.): 84,942 Status: Closed

Current Price: $1,425,000 List Date: 1/07/2023 Last Modified: 4/30/2024

Overview

Description

12-13 Cap and 100% occupancy very low turn over, long term tenants with lots of upgrades and granite! 20 one bedroom apartments with 60% upgraded with LVT or new carpet and granite countertops. These units could easily rent for $700+ a month not counting short term rental or the stand alone building that will house a western wear store for $950/month. It's on septic currently but can be converted to sewer. Property is low maintenance and easy to upkeep.

Listing Details MLS# 9947045

Location Tax Legal Info

Street #: 216
Street Name: Colonial Heights
St Suffix: Road
County: Sullivan
State/Province: TN
Zip Code: 37663
Subdivision: Not Listed

Contract Info

Listing Price: 1495000
List Price/SqFt: 108.81
Foreclosure: No
Short Sale: No
Auction: No

General Property Description

Lot Dimensions: 191x452x202x384
Acres: 1.95
Zoning: B4
Property Sub-Type: Multi Family
Total Units: 21
Year Built: 1979
Elementary School: Rock Springs
Middle School: Sullivan Central Middle
High School: West Ridge
Total SqFt: 13739

Status Change Info

Date Pending: 2023-01-12
Sold Date: 2023-03-15

Unit 1

# Units: Yes
SqFt: 2128

Unit 2

# Units: 10
# Rooms: 10
# Bedrooms: 10
# Bathrooms: 10
SqFt: 6171

More Information

Unit 3

# Units: 10
# Rooms: 10
# Bedrooms: 10
# Bathrooms: 10
SqFt: 5440

Location, Tax & Legal Info

Lot #: 2
Parcel ID: 092g B 003.00
Deed Book #: 1506C
Deed Page #: 331
City Taxes: 0
County Taxes: 6916.38

Remarks & Misc

Directions: Fort Henry Drive to Colonial Heights Rd, Left at property, no sign

Property Condition

Above Average: Yes
Average: Yes

Exterior Finish

Brick: Yes
Vinyl Siding: Yes

Style

Ranch: Yes

Levels

Two: Yes

Heating

Central: Yes
Heat Pump: Yes

Info Available

Leases: Yes
Pro-Forma Statement: Yes
Rental Rolls: Yes

AC

Central Air: Yes
Heat Pump: Yes

Utilities

Cable Available: Yes

Water

Public: Yes
See Remarks: Yes

Sewer

Septic Tank: Yes

Topography/Lot Description

Level: Yes

Easements

Other: Yes

Financing

Cash: Yes
Conventional: Yes

Existing Finance

Conventional: Yes

Walls

Drywall: Yes

Structure Type

House: Yes

Expenses Include

Property Insurance: Yes
Repairs and Maint: Yes
Taxes Real Estate: Yes
Utilities: Yes
Waste: Yes
Water/Sewer: Yes

Property Features

Property Condition: Above Average; Average Style: Ranch Levels: Two Exterior Finish: Brick; Vinyl Siding Heating: Central; Heat Pump Water: Public; See Remarks Sewer: Septic Tank AC: Central Air; Heat Pump Utilities: Cable Available Structure Type: House Walls: Drywall Info Available: Leases; Pro-Forma Statement; Rental Rolls Easements: Other Financing: Cash; Conventional Existing Finance: Conventional Expenses Include: Property Insurance; Repairs and Maint; Taxes Real Estate; Utilities; Waste; Water/Sewer

Listing Office: Bridge Pointe Real Estate Jonesborough

Last Updated: April - 30 - 2024

Information deemed reliable but not guaranteed.

216 Colonial Heights Road, Kingsport, TN 37663 (MLS# 9947045)