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423-968-7653
Apple Realty and Auction
Multifamily (Multi-Family)

105 Lemay 51
Kingsport, PUBLIC SEWER 37664

1 Story, 2 Story  Stories: 2
FOR SALE
Price: $575,000  Price Per ft²: $0.00  List Date: 2020-09-30  DOM:  58
City Tax: $0 County Tax: $2,656Expenses Include: Lawn Maint, Property Insurance, Repairs and Maint, Taxes Real Estate, Water/Sewer
Year Built: Comm 

Lot Size: 0.00 acre(s)Lot Dimensions: 100x250Topography: Level
Heating: Central, ElectricCooling: Central AirWater & Sewage: Public
Appliances: Electric Range, Refrigerator

Description

Investors take note, if you are looking for a performing asset with positive cash flow on day one this 12 unit apartment building could work for you! Located off of Memorial Blvd in Kingsport. Its convenient to everything in Kingsport but boast only county taxes. All 12 units are 1 bedroom with separate electrical meters for each. Landlord does currently pay for water ( Approximate $125.00 month and trash approximate $58.00 month. Most units have central heat and air (all but 1). Over the last few years this building has went through several upgrades including but not limited to interior renovations, parking re-pavement, replaced waterline and upgraded site drainage. Other expenses include county taxes $2650.00 and insurance $2900.00 year. Gross rents over $5300.00 month with even higher potential for new investor .Please do not contact/communicate with any tenants. All showings require 24 hour notice. Full property inspection can occur after acceptances of an offer.

Community Information

Geographical
County: Tn
Subdivision:
Zoning: Sullivan
School System
Indian Springs Elementary
Holston Middle
Sullivan Cent High

Interior

Flooring: Laminate  Other Features: Eat-in Kitchen, Laminate Counters 

Exterior

Porch, Patio, Decking Detail:  Covered, Front Porch Roof: Asphalt Exterior Finish: Brick 

Photos

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Listing by Century 21 Legacy
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