Michael Hornbuckle
LOT SIZE 0.360 acres
SQUARE FEET5,760
MLS#3615617
STATUSActive
PROPERTY TYPELand - Commercial
Property Description
Great Investment Opportunity! Don't miss this opportunity to own a four-unit income-producing property with established tenants and consistent rental history! All four units are currently rented at $650 per month each, generating $2,600 in monthly rental income and $31,200 annually.The property has an excellent occupancy history, with the seller reporting virtually no vacancies and minimal tenant turnover. Current rental rates offer potential for increased income, making this an attractive opportunity for investors looking to expand their portfolio.Additional highlights include a roof approximately 8 years old and HVAC systems of varying ages, with most being less than 5 years old.Whether you're an experienced investor or looking to begin building your rental portfolio, this property offers immediate income with potential for future growth.Schedule your showing today and explore the possibilities!
Property Features
Property Type: Land - Commercial
Lot Size: 0.36 Acres
Year Built: 1969
Feature Descriptions
Days on Site: 5
Parcel#: 030H G 04700 000
Listed By / Shown By
Listed By
Agency Name: Red Realty, LLC
Agency Phone: 6158962733
Shown By
Agent Name: Michael Hornbuckle
Agent Phone: (615) 496-2411
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 2,013.79 per month $1,780.45 Principal & Interest $0.00 Property Tax (data not provided by mls) $233.33 Homeowner's InsuranceChange Payment Information
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1157 Ridgecrest Ave | MLS# 3615617
This land located at 1157 Ridgecrest Ave , Kingsport, TN 37665 is currently listed for sale with an asking price of $800,000. The property has approximately 0.36 Acres. Search Kingsport real estate on michaelhornbuckle.crye-leike.com today.