1223 Wateree Street, Kingsport, TN 37660
City Of Kingsport · Sullivan County
Key Facts
Description
Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.3%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Structure Type
Multi Family
Year Built
1930
Lot Size
0.26 acres
Lot Dimensions
137.83 X 78.28 IRR
Zoning
R 1B
Days on Market
3
MLS® Listing#
9998329
Property Features
Appliances
Heating
Flooring
Laundry
Construction
Roof
Water Source
Schools
- Elementary:
- Lincoln
- Middle:
- Sevier
- High:
- Dobyns Bennett
Financial Details
HOA
None
Parcel Number
046o E 04800 000
Directions
From Eastman Road follow Fort Henry Drive to Left on E Center St. Follow E. Center Street to right on Wateree St. Follow Wateree St. to the property on the left at the corner of Wateree and Oak St.
Affordability Calculator
$165,000
Estimated monthly payment
$4,391/mo
Principal $660,000 · Est. interest $920,759 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kingsport, TN
- $337,705
- Median Listing Price
- 59
- Median Days on Market
- 1,774
- Median Sq Ft
- $178
- Median Price / Sq Ft
- 364
- Active Listings
- This home’s price is 144% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kingsport, TN.
Location
Points of Interest in Kingsport, TN
Showing the Kingsport area map.
Nearby Schools
John Sevier Middle School
Secondary · 0.1 mi away
Lincoln Elementary School
Elementary · 0.5 mi away
St. Paul's Day School & Kindergarten
School · 0.5 mi away
St. Dominic School Kingsport, TN
Secondary · 0.7 mi away
First Baptist Church
School · 0.8 mi away
Palmer Early Learning Center
School · 1.0 mi away
City of Kingsport Public Works
Secondary · 1.0 mi away
Dobyns-Bennett High School
Secondary · 1.1 mi away
Kingsport City Schools
School · 1.2 mi away
Dobyns-Bennett High School
Secondary · 1.2 mi away
Thomas Jefferson Elementary School
Elementary · 1.4 mi away
Andrew Johnson Elementary School
Elementary · 1.4 mi away
Jackson Elementary
Elementary · 1.5 mi away
Robinson Middle School
Secondary · 1.6 mi away
Lighthouse Christian School
School · 1.7 mi away
Cedar Grove Elementary School
Elementary · 2.1 mi away
Christian Life Center
School · 2.1 mi away
Roosevelt Elementary
Elementary · 2.2 mi away
Gravely Elementary School
Elementary · 2.4 mi away
Sullivan North High School
Secondary · 2.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2062 Brickyard Park Drive, Kingsport, TN | $579,000 | 4 | 4 | 2,488 |
| 905 Meadow Lane, Kingsport, TN | $579,999 | 5 | 3 | 4,039 |
| 1404 Van Oaks Drive, Kingsport, TN | $590,000 | 6 | 7 | 5,905 |
| 1911 Birchfield Pvt Court, Kingsport, TN | $595,000 | 4 | 4 | 3,038 |
| 427 Gammon Road, Kingsport, TN | $599,000 | 4 | 3 | 2,696 |
| 267 Alpine Trail, Kingsport, TN | $599,900 | 3 | 2 | 1,934 |
Moving Cost Estimate
EXIT Agents in Kingsport
Listing Courtesy: Weichert Realtors Saxon Clark KPT - 4237659118
Presented by: William Lokar