116 Highland AVE new Save Request In-Person Tour Request Virtual Tour
Church Hill,TN 37642
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $336
Subdivision Not Listed
MLS Listing ID 9984328
HOA Y/N No
Total Fin. Sqft 2304
Year Built 1978
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 150 x 141 irr
Source Tennessee/Virginia Regional MLS
Property Description
Brick 10-Plex in Church Hill provides a great value and opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building. All units are move in ready with new paint, newer flooring, and some have newer appliances. 2 units are ready to be rented. Roof was put on in 2020. All the doors have been painted. New steps and decking done to the upstairs units. The monthly income could be up to $5600+ The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2-bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Once finished that could add an additional $1800+ a month income. Separate Electric meters. Owner pays water, lawn care and trash. Each unit is approx 576 sq ft. Unit 1 is getting a new stove. Unit 4 appliances have been ordered and will be installed before closing. Property Information taken from tax records and third party sources. Buyer's agent to verify all information. Buyers NEED to be pre approved before viewing.
Location
State TN
County Hawkins
Community Not Listed
Area 0.52
Zoning R
Direction Follow US-11W from Kingsport to Silver Lake Rd. Turn Right on Silver Lake Rd. Turn Left onto East Main Blvd. Follow to Highland Ave. Turn Left on Highland Avenue and property is at the top of the Hill. See sign
Interior
Heating Heat Pump
Cooling Heat Pump
Equipment Dumpster
Heat Source Heat Pump
Exterior
Roof Type Composition,Shingle
Road Frontage County Road
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 044a B 026.00
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional