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Listed price in listed location currency (USD).
$880,000

000

MLS® 10001184

Overview

Key Facts

Type 
Levels Commercial Lease
Size 7864 sqft
Garage 
Date Available 
Days Active 0
Lot Size 0.57 Acres
Approx. Age 1971
MLS® Number 10001184

Property Address: 420 Wheatley St, Kingsport, TN, 37660-5154

Average square foot calculated using Size range provided by listing agent.

Description

Unlock the potential of this income-producing apartment building in the heart of Kingsport! Featuring 8 total units, this property offers a versatile mix of floor plans to attract a variety of tenants: (2) spacious 3-bed/1-bath units (4) comfortable 2-bed/1-bath units, (2) efficient 1-bed/1-bath units All units are currently 100% occupied by long-term tenants, providing stable cash flow with significant upside potential through future rent increases. The property is in an excellent location directly across from Eastman Headquarters, ensuring strong demand and long-term security. That's not all--an additional 421 sq. ft. storage area provides extra income potential or utility space for tenants. Each apartment comes with its own individual power meter, while city water, sewer, and schools make management simple. Tenants will also appreciate the ample on-site parking, a rare and valuable convenience for multi-family living. Whether you're an experienced investor looking to expand your portfolio or just starting out in real estate investing, this property offers a solid opportunity with long-term rental demand. Schedule your showing today and see why 420 Wheatley Street is the smart move for your investment future!
MLS® Number10001184
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1971
Basement
Driveway
Garage Spaces
HeatHeat Pump
A/CCeiling Fan(s), Heat Pump

Extras

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