BEDS8
BATHS4 full 3 partial
SQUARE FEET13,286
MLS#707080
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
LOW MAINTENANCE INCOME PRODUCING MULTI-FAMILY COMPLEX. 13 Total units. The main/upper level consists of 9 Townhouse style 2bed/1.5 bath units. The lower 4 units have separate driveway entrance and consist of one level 2 bed/1 bath units. Each unit has own laundry hook-ups. Currently 7 Units rent at $850/month, 3 at $800/month, and one at $1100/month. The other two are vacant while having appliances upgraded in between tenants and they will each rent for $1100/month. So fully rented, that is $11,650/month or $139,800/year!! Seven of the rented units have had same tenant for at least 4 years! Great location in Church Hill, close to grocery stores and only 15 min to Kingsport. Units are all metered separate. City Utilities-Gas, Water, Electric, Sewer. In recent years, windows have been replaced, new blacktop in upper parking area, half of HVACs have been replaced. New appliances added to 4-5 units as needed. There is a storage garage on sight for management to store tools, etc, plus all the plumbing is accessible by an enclosed breezeway that spans the entire length of the building. This is a quality turnkey property!!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Heating: Forced Air, Natural Gas
Lot Size: 0.92 Acres
Roof Type: Shingle
Year Built: 1998
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: $1100.00
Square Footage: 1008.00
Unit Type 2:
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: $1100.00
Square Footage: 1008.00
Unit Type 3:
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: $850.00
Square Footage: 1008.00
Unit Type 4:
Bedrooms: 2
Full Baths: 1
Rent: $800.00
Square Footage: 759.00
Feature Descriptions
Appliances: Dishwasher, Range Hood, Refrigerator, Electric Range
Basement/Foundation: Block, Exterior Entry
Days on Site: 338
Exterior: Brick, Vinyl Siding
Exterior: Awning(s)
Flooring: Carpet, Luxury Vinyl
Interior: Ceiling Fan(s)
Laundry: Laundry Closet, In Unit, Main Level
Parcel #: 032 05705 000
Porch/Patio/Deck: Deck, Patio
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: RE/MAX Real Estate Ten Midtown
Agency Phone: (423) 581-8881
Shown By
Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660
Estimate Your Payment
Estimated Payment
$ 9,633.45 per month $9,195.98 Principal & Interest $0.00 Property Tax (data not provided by mls) $437.47 Homeowner's Insurance
722 Old Stage Road | MLS# 707080
This multi-family property located at 722 Old Stage Road, Church Hill, TN 37642 is currently listed for sale with an asking price of $1,499,900. Search Church Hill real estate on www.franklinrealty.com today.