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423-968-7653
Apple Realty and Auction
Multifamily (Other)

100 Finley Villas 3
Kingsport, 37660

1 Story  Stories: 1
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $3,000,000  List Date: 2021-04-03  DOM:  8
City Tax: $15,395 County Tax: $19,166
Year Built: comm 

Lot Size: 6.19 acre(s)Lot Dimensions: 6.19 acresTopography: Level, Other
Heating: CentralCooling: Central AirWater & Sewage: Public

Description

Investor, you don't want this one to slip away from you. This property is listed under appraisal (last appraisal was done less than 2 years ago). This is a well-maintained (inside and out) 8 building, 58 unit low housing apartment complex, located within minutes of Lowes, Walmart, Kingsport dog park, Finley Park and many other desirable businesses. Each unit has 2 parking spaces included. Currently, the Johnson City Housing Authority manages the property for $1,400 per mo.; Kingsport Housing Authority does the Section 8 vouchers; tenants sign a 12 month lease and the current monthly rent is $527.00, which includes water; trash is picked up once a week at the front of each unit; property includes a $4,000 20' x 30' still-post tent; 10 units are handicap accessible, but all have the ability to be handicap accessible; Meals On Wheels and KATS come every month; pets are allowed but there is a $150.00 non-refundable deposit for them;each unit has a 3 hour firewall all the way to the ceiling on both sides of the walls;property is currently on a 20 year low income contract and has 18 years left;current tenants are never late on rent; andlaundry mat on site which tenants pay to use which has 5 washers and 5 dryers which were purchased in 2017.

Community Information

Geographical
County: Tn
Subdivision:
Zoning: Sullivan
School System
Rock Springs Elementary
Sullivan Middle
Sullivan South High

Interior

Other Rooms: Laundry  Flooring: Carpet, Tile 

Exterior

Porch, Patio, Decking Detail:  Covered, Rear Patio Roof: Metal Exterior Finish: Brick 

Photos

Photo #1: 100 Finley Villas 3
Listing by Century 21 Heritage
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