Kingston, TN 37763,205 Fourth St
Kingston, TN 37763,205 Fourth St
2
$370,000
$348,600
6.1%
Est.Price: ?

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2,046 SqFt

205 Fourth St Kingston, TN 37763

Est. payment /mo
SOLD DATE : 08/11/2023

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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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Listed by Realty Executives Associates

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Ben Lunsford

Agent | License ID: 365866

+1(206) 719-6739

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