Kingsport, TN 37660,228 Moreland DR
Kingsport, TN 37660,228 Moreland DR
Kingsport, TN 37660,228 Moreland DR
Kingsport, TN 37660,228 Moreland DR
Kingsport, TN 37660,228 Moreland DR
Kingsport, TN 37660,228 Moreland DR
See all 55 photos

$235,000

$219,500

7.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,372 SqFt


SOLD DATE : 04/25/2024

Key Details

Sold Price $235,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,372 sqft

Price per Sqft $99

Subdivision Not In Subdivision

MLS Listing ID 9961398

Sold Date 04/25/24

Style Ranch

HOA Y/N No

Originating Board Tennessee/Virginia Regional MLS

Year Built 1972

Lot Size 0.840 Acres

Acres 0.84

Lot Dimensions 91.53 X 440.59 IRR

Property Description

Welcome to a unique investment opportunity! This property features a recently renovated single-family home and a duplex, all on the same parcel. The duplex has a 2 bedrooms and 1 bathroom on each side of the building with separate driveways for privacy. One side of the duplex has been renovated in recent years. The single-family home, also recently renovated, provides a cozy 1-bedroom, 1-bathroom rental.

The full, unfinished basement beneath the duplex is a hidden gem, complete with washer and dryer hookups. The coin operated washer and dryer convey to the buyer. This versatile space presents endless possibilities for additional storage or the potential to possibly create another rental unit, maximizing your rental income.

The expenses for the seller includes water (about $70/month on average), property taxes, property insurance, and lawn care, with lawn maintenance costs averaging around $100 per month during mowing season. Each unit is separately metered for electric and the tenants pay for their own electricity. The renovated side of the duplex has a had a mini-split installed for heating and cooling, the other units have window units.

The tenant on the renovated side of the duplex pays $950 per month and the other side pays $750 per month. The single-family home is primed and ready for a new tenant, offering an opportunity to set a competitive rental rate and further enhance your return on investment.

Don't miss out on this chance to acquire a well-maintained, income-generating property with potential for expansion. Whether you're a seasoned investor or entering the real estate market, this property is a standout opportunity for long-term financial growth. Schedule a viewing today and unlock the full potential of this unique duplex and single-family home combo!

Buyer and Buyer's agent to verify all information.

Location

State TN

County Sullivan

Community Not In Subdivision

Area 0.84

Zoning R 1

Direction JB Dennis to Jared Dr. Left on Moreland. Property is on the left.

Rooms

Basement Unfinished

Interior

Heating Space Heater, Electric, Baseboard, Electric

Cooling Wall Unit(s), Window Unit(s)

Heat Source Space Heater, Electric, Baseboard

Building

Lot Description Level

Sewer Septic Tank

Water Public

Architectural Style Ranch

Structure Type Vinyl Siding,Other

Schools

Elementary Schools Rock Springs

Middle Schools Sullivan Heights Middle

High Schools West Ridge

Others

Senior Community No

Tax ID 076b A 041.00

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Kelly Johnson • Fathom Realty
Bought with Mike Brown • REMAX Rising JC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(423) 491-5899

theotherbrian@gmail.com

7121 Regal Ln Suite 215, Knoxville, TN, 37918, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.