MONEY MAKING INVESTMENT OPPORTUNITY! Total of 34 townhouse style units, 2 duplexes and 3 houses offered in this 39 unit investment package. Gross annual income is currently at $437,400. This is in a great location that is convenient to the hospital and Parkway but still offers a peaceful setting. Vacancy rate is a non-issue in our market and is a great opportunity for 1031 exchange. All information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.
***Please call List Agent for all Showings 423-737-0001*** Heres the opportunity youve been waiting for! Break into the highly desirable Kingsport rental market with this unique property. 26 total units comprised of 19 studio apartments, two 1 bedrooms, a 2 bedroom unit with 3 car drive under garage, a 4 bedroom 3 bath vintage home with a 2 bedroom separate addition, and a duplex with 2 two bedroom townhouse units. Something for everyone! Owner agent, all info obtained from CRS Buyer/buyers agent to confirm all information.CAP Rate is 9.06%!!Well established property in convenient location. Property is in excellent condition, has a great rental history and low vacancy rate. This one wont last long! Call today for more information and to schedule a showing.
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