649 Lovedale Drive

Kingsport, TN 37660

About this property

Looking for an investment property with a 10% cap once all units are rented? Look no further. 4 Flex unit with 1 vacant unit that rents for $395. 3 Units occupied for $395 each. Units are 2 bedrooms, 1 bath, living room & kitchen and laundry area. Renters pay all utilities. Cap info based on all 4 units being rented. 4 units times $395 a month =$18,960 yr gross - $2483.98 taxes-$1840 insurance=$14636.02 / list price of $179,900 = 8% cap. ****SQ footage and other measurements provided as a courtesy and not guaranteed to be correct. Some information taken from court house system. Buyer to confirm all information that would be important to him or her. '' Information herein deemed reliable but not guaranteed ''****Seller does not have flood insurance on this building because they do not have a loan on the building.

Date Listed
March 10, 2020
Listing Status
Active
Days On Site
195
MLS#
9905752

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1963
Garage
0
Pool
No
Story(s)
Property View
No
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$179,900 Active
0 Beds
0 Full Baths
3,362 SQFT

Presented By Town and Country Realty

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Brokerage
Kingsport
(423) 245-8212
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Area Information

413 - Downtown,Greenfields,Hillcrest | Sullivan County |

$ 179,900
This listing is play_arrow 26.7% higher than the average in the area
$ 141,950 in the area
3,362 SqFt
This listing is play_arrow 164.9% larger than the average in the area
1,269 SqFt in the area
$ 54 $/SqFt
This listing is play_arrow 94.1% more than the average in the area
$ 28 $/SqFt in the area
195 days on site
This listing is play_arrow 271.4% above the average in the area
53 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School

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