$169,900

649 Lovedale Drive

Kingsport TN, 37660

Description

Looking for an investment property with a 7% 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 Property insurance- $2603 flood insurance (with $2000 deductible for $170,000 worth of coverage)=$12033.02 / list price of $169,900 = 7% 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.

Details

MLS#9905752
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site318

Features

SQ Feet3,360
Units4
Building(s)1
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Area Information
StateTN
CountySullivan
CityKingsport
Zip Code37660
Listing VS Median (in 37660)
Price:
$169,900
low | high
Med:
$143,000
65.832842848735% of Average
SqFt:
3,360
low | high
Med:
2,905
63.541666666667% of Average
$ / SqFt:
$51
low | high
Med:
$49
52.650035102151% of Average
On Site:
318
low | high
Med:
187
100% of Average
Listing Updated: January 23, 2021 8:03:57 PM PST
JOSHUA COON LogoMLS Number: 9905752
Listing Provided By:
JOSHUA COON  of  PARK HILL REALTY GROUP LLC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.