1527-1529 Fuller ST Active Save Request In-Person Tour Request Virtual Tour
Kingsport,TN 37664
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,286 sqft
Price per Sqft $106
Subdivision East Highland Add
MLS Listing ID 9977041
Style Traditional
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1935
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50X120
Property Sub-Type Multi Family
Property Description
This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time.
The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction.
Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone.
Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.
Location
State TN
County Sullivan
Community East Highland Add
Area 0.15
Zoning Commercial
Direction Kingsport, Eastman Road, Right on E Center st, Right on Fuller St, Property is on the left
Interior
Heating Wall Furnace,See Remarks
Cooling Window Unit(s),See Remarks
Flooring Laminate
Appliance Dishwasher,Electric Range,Refrigerator
Heat Source Wall Furnace,See Remarks
Exterior
Parking Features Asphalt,Gravel
Roof Type Shingle
Topography Level
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Jefferson
Middle Schools Robinson
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 061d M 023.00
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional