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205 Fourth St Kingston, TN 37763
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Key Details
Sold Price $370,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,046 sqft
Price per Sqft $180
MLS Listing ID 1232511
Sold Date 08/11/23
Originating Board East Tennessee REALTORS® MLS
Year Built 1982
Lot Dimensions 92x56
Property Description
Located overlooking downtown in Kingston, this 4 plex has been carefully maintained by its long time owner. The units have a long track record of being 100% leased with a waiting list . They are currently leased $895/mth. 2 BR 1.5 bath units have double balconies overlooking dwntwn area. The units are offered unfurnished with nice appliance packages. 1st Tuesday of every month the owner and his on-call maintenance man visit each unit to check various items thru-out the unit. All leases along with full year financials for 2022 and to date for 2023 are available upon request for qualified buyers. Current asking price is 7 cap rate based on 2022 income and expenses. Great opportunity to get into the rental property market with a well maintained and successful property.
Location
State TN
County Roane County - 31
Rooms
Other Rooms Other
Interior
Interior Features Pantry
Heating Central, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl
Appliance Dishwasher, Smoke Detector, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Dble Pane, Deck
Garage On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Garage No
Building
Faces I-40 to Kingston exit-turn toward downtown on East Kentucky- go about 2 miles to Lt on Cumberland (at the Heritage Ctr) 4 plex at the top of the hill on Lt.
Structure Type Brick
Others
Restrictions No
Tax ID 058BE009.01
Energy Description Electric
Acceptable Financing New Loan
Listing Terms New Loan
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