420 Wheatley ST Active Save Request In-Person Tour Request Virtual Tour
Kingsport,TN 37660
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,253 sqft
Price per Sqft $101
MLS Listing ID 9985788
Style See Remarks
Year Built 1971
Lot Size 0.570 Acres
Property Sub-Type Multi Family
Property Description
Unlock the potential of this income-producing apartment building in the heart of Kingsport! Featuring 8 total units, this property offers a versatile mix of floor plans to attract a variety of tenants: (2) spacious 3-bed/1-bath units (4) comfortable 2-bed/1-bath units, (2) efficient 1-bed/1-bath units
All units are currently 100% occupied by long-term tenants, providing stable cash flow with significant upside potential through future rent increases. The property is in an excellent location directly across from Eastman Headquarters, ensuring strong demand and long-term security.
That's not all—an additional 421 sq. ft. storage area provides extra income potential or utility space for tenants.
Each apartment comes with its own individual power meter, while city water, sewer, and schools make management simple. Tenants will also appreciate the ample on-site parking, a rare and valuable convenience for multi-family living.
Whether you're an experienced investor looking to expand your portfolio or just starting out in real estate investing, this property offers a solid opportunity with long-term rental demand.
Schedule your showing today and see why 420 Wheatley Street is the smart move for your investment future!
Location
State TN
County Sullivan
Area 0.57
Zoning R 4
Interior
Heating Heat Pump
Cooling Ceiling Fan(s),Heat Pump
Flooring Tile,Carpet,Laminate
Exterior
Parking Features Asphalt
Roof Type Shingle
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Sevier
High Schools Dobyns Bennett
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional