$149,900Off Market
Active: 649 Lovedale Drive, Kingsport, TN 37660
0 Bed | 0 Bath | 3,360 sqft
Key Details
Type
Quadruplex
Lot Size
0.18 acres
Year Built
1963
MLS #
9905752
Home Description
Looking for an investment property with a 8% cap once all units are rented? Look no further. 4 Flex unit with 1 vacant unit that rents for $395. 3 Units occupied for $395 each. Units are 2 bedrooms, 1 bath, living room & kitchen and laundry area. Renters pay all utilities. Cap info based on all 4 units being rented. 4 units times $395 a month =$18,960 yr gross - $2483.98 taxes-$1840 Property insurance- $2603 flood insurance (with $2000 deductible for $170,000 worth of coverage)=$12033.02 / list price of $149,900= 8% cap. ****SQ footage and other measurements provided as a courtesy and not guaranteed to be correct. Some information taken from court house system. Buyer to confirm all information that would be important to him or her. '' Information herein deemed reliable but not guaranteed ''****Seller does not have flood insurance on this building because they do not have a loan on the building.
Features & More
Interior Features
| Floor coverings | Carpet, Vinyl |
Exterior & Building
| Architectural Style | Other |
| Roof Type | Asphalt |
Nearby Schools
Schools provided by the listing agent
School info is currently unavailable from the MLS. Check back soon for updates.
Location
- Nearby Neighborhoods: Downtown, Greenfields, Hillcrest
- County: Sullivan
Source: Listhub.com
MLS Disclaimer: Copyright © 2021 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.