722 Old Stage RD, Church Hill, TN 37642
722 Old Stage RD, Church Hill, TN 37642
722 Old Stage RD, Church Hill, TN 37642
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Kornerstone Properties

Kornerstone Properties

+1(423) 754-8338
Listed by Joshua Weddington • RE/MAX Real Estate Ten Midtown
$1,375,000
Est. payment /mo
8 Beds
7 Baths
13,286 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 13,286 sqft

Price per Sqft $103

MLS Listing ID 707080

Bedrooms 8

Full Baths 4

Half Baths 3

Year Built 1998

Annual Tax Amount $8,492

Lot Size 0.920 Acres

Acres 0.92

Lot Dimensions 0.92

Property Sub-Type Multi Family

Source Lakeway Area Association of REALTORS®

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!!

Location

State TN

County Hawkins

Direction GPS friendly. From 11W in Church Hill, turn onto Silver Lake Rd. Cross railroad tracks and turn right onto Old Stage Rd. Property on Right.

Rooms

Basement Block, Exterior Entry

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Exterior

Exterior Feature Awning(s)

Roof Type Shingle

Porch Deck, Patio

Building

Foundation Block

Water Public

Structure Type Brick,Vinyl Siding

Others

Senior Community No

Tax ID 032 05705 000

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Kornerstone Properties

Kornerstone Properties

+1(423) 754-8338

Company Owner | License ID: 265226

Company Owner License ID: 265226

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