3 Beds
1 Bath
7,864 SqFt
3 Beds
1 Bath
7,864 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 7,864 sqft
Price per Sqft $106
Subdivision Not In Subdivision
MLS Listing ID 9985790
Style See Remarks
Bedrooms 3
Full Baths 1
HOA Y/N No
Total Fin. Sqft 7864
Year Built 1971
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 177x133
Property Sub-Type Single Family Residence
Source Tennessee/Virginia Regional MLS
Property Description
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
Community Not In Subdivision
Area 0.57
Zoning R 4
Direction From Johnson City, take I-26 W toward Kingsport. Continue for approximately 20 miles, then take Exit 1 for Wilcox Drive toward TN-126/Center Street. Turn right onto Wilcox Drive, then continue straight. Turn left onto Wheatley Street. Property will be on the right.
Interior
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Flooring Carpet, Tile, Vinyl
Appliance Electric Range, Microwave, Refrigerator
Heat Source Heat Pump
Exterior
Parking Features Asphalt
Roof Type Shingle
Topography Level
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Level or Stories 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Sevier
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 061g A 022.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States