5021 Emerald DR Pending Save Request In-Person Tour Request Virtual Tour
Kingsport,TN 37664
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,596 sqft
Price per Sqft $97
MLS Listing ID 9973233
Style Townhouse,See Remarks
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1983
Lot Size 0.760 Acres
Acres 0.76
Lot Dimensions 33,105
Property Description
Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The property is 100% leased, and will not be conducting showings without an accepted offer or LOI. There is a virtual tour of the property that allows you, or your agent, to view the interior online. The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.
Location
State TN
County Sullivan
Area 0.76
Zoning R1
Direction From I-81S, Take exit 66 toward Kingsport. Turn right onto TN-126 W. Turn left onto Cooks Valley Rd. Turn right onto Spardale St. Turn right onto Emerald Dr. GPS Friendly.
Interior
Interior Features See Remarks
Heating Heat Pump
Cooling Heat Pump
Flooring Tile,Luxury Vinyl,Carpet,Laminate
Appliance Dishwasher,Electric Range,Refrigerator
Heat Source Heat Pump
Exterior
Garage Parking Pad
Roof Type Shingle
Porch Rear Patio
Building
Lot Description Level
Entry Level Two
Water Public
Architectural Style Townhouse,See Remarks
Structure Type Brick
New Construction No
Schools
Elementary Schools Indian Springs
Middle Schools Sullivan Central Middle
High Schools West Ridge
Others
Senior Community No
Tax ID 048o C 011.00