1223 Wateree St Kingsport, TN 37660
- Commercial real estate
- 5,438 SF
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1223 Wateree St
- Year built
- 1930
- Lot size
- 0.26 lot acres
- Property size
- 5,438 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents a well-maintained seven-unit apartment building situated at 1223 Wateree Street in Kingsport, Tennessee, zip code 37660. The property, built in 1930, encompasses 5,438 square feet on a 0.26-acre lot and is zoned R1B. The two-story building consists of seven units, with a mix of five one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Recent renovations have significantly enhanced the property's value, including updated cabinets, flooring, plumbing, bathrooms, and HVAC systems throughout all units. This turnkey investment is priced at $750,000, representing a price per square foot of $170.10 and a price per unit of $107,142.86. Its prime location, just one mile from downtown Kingsport, offers significant potential for strong rental income and future appreciation. This property is an ideal addition to any investor's portfolio seeking a stable and profitable investment in a thriving Tennessee market. The property's strong rental history and recent upgrades make it a compelling opportunity for immediate cash flow and long-term growth.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5452359
- Latitude
- 36.5443169
