1223 Wateree StKingsport, TN 37660

Property Details for 1223 Wateree St

Year built

1930

Lot size

0.26 AC

Property size (Sq ft)

5,438 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5443

Longitude

-82.5452

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