LOT SIZE 0.390 acres
SQUARE FEET8,060
MLS#3615615
STATUSActive
PROPERTY TYPELand - Commercial
Property Description
Great Investment Opportunity! Don't miss this five-unit income-producing property, including a basement unit, with established tenants and an excellent rental history! All five units are currently rented at $650 per month each, generating $3,250 in monthly rental income and $39,000 annually.The property has an excellent occupancy history, with the seller reporting virtually no vacancies and minimal tenant turnover. Current rental rates offer potential for increased income, making this an attractive opportunity for investors looking to expand their portfolio.Additional highlights include a roof approximately 8 years old and HVAC systems of varying ages, with most being less than 5 years old.Whether you're an experienced investor or looking to begin building your rental portfolio, this property offers immediate income with potential for future growth.Schedule your showing today and explore the possibilities!
Property Features
Property Type: Land - Commercial
Lot Size: 0.39 Acres
Year Built: 1965
Feature Descriptions
Parcel#: 030H G 04600 000
Listed By / Shown By
Listed By
Agency Name: Red Realty, LLC
Agency Phone: 6158962733
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
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Estimated Payment
$ 2,013.79 per month $1,780.45 Principal & Interest $0.00 Property Tax (data not provided by mls) $233.33 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1151 Ridgecrest Ave | MLS# 3615615
This land located at 1151 Ridgecrest Ave, Kingsport, TN 37665 is currently listed for sale with an asking price of $800,000. The property has approximately 0.39 Acres. Search Kingsport real estate on online.fusion2b.com today.