$1,000,000
$1,024,800
2.4%For more information regarding the value of a property, please contact us for a free consultation.
7,524 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,524 sqft
Price per Sqft $132
MLS Listing ID 1232515
Sold Date 01/31/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1970
Property Description
Located on a quiet area convenient to downtown Kingston, these 10 units are in a cluster of 4 buildings. Maintained carefully by longtime owner. 10 units are comprised of eight 2 BR 1.5 bath units and Two 1BR 1 bath floorplans. The units have a long track record of being 100% leased with wait list. 2 BR units have individual carport. Units are offered unfurnished with nice appliance packages. All leases along with full year financials for 2022 and year to date for 2023 available upon request for qualified buyers. Current asking price is based on 7 cap rate on 2022 income and expenses. Great opportunity to get into rental property market with a well maintained & successful investment. Address for the property is 101,104,105 and 110 Hilltop Lane.
Location
State TN
County Roane County - 31
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Interior Features Pantry
Heating Central, Baseboard, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl
Appliance Dishwasher, Washer, Smoke Detector, Refrigerator
Heat Source Central, Baseboard, Electric
Exterior
Exterior Feature Windows - Dble Pane
Garage Individual Carports, On Premise Parking, Attached, Carport, Off-Street Parking
Garage Description Attached, Carport, Off-Street Parking, On Premise Parking, Individual Carports, Attached
Roof Type Shingle
Parking Type Individual Carports, On Premise Parking, Attached, Carport, Off-Street Parking
Garage No
Building
Faces I-40 Kingston exit-turn toward downtwn on East Kentucky. Go approx. 2 miles to Rt on Race Street (at Dollar General). 2 miles to Bluff Rd (old Exxon station). 2 miles just after sharp right turn to Hilltop. Units are 4 Buildings on Rt.
Structure Type Brick
Others
Tax ID 057EC004.03,057EC004.01
Energy Description Electric
Acceptable Financing New Loan
Listing Terms New Loan
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