bedrooms
0
bathrooms
0
square feet
3,286
Acreage
0.15
Open Houses
-
year built
1935
Full Baths
0
Half Baths
0
This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time.
The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction.
Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone.
Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.
Location | |
Subdivision | East Highland Add |
County | Sullivan |
Elementary School | Jefferson |
Middle School | Robinson |
High School | Dobyns Bennett |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 9977041
Listing agent:
Casey Halsey
Listing broker:
Blue Ridge Properties
(423) 247-4181
Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Tuesday, March 25 2025 at 9:07 a.m. EDT
Kotohomes National