NOT LISTED FOR SALE

1233 E Center St Unit 1-3 Kingsport, TN 37660

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 08, 2019

Last sale price $123,000

103 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Abraham Lincoln Elementary School Rated A-
  • 3 Car Attached Garage
  • Window Unit Cooling System

About This Home

As of March 2019

Location, location, LOCATION! Situated within walking distance to downtown Kingsport, this charming multi-unit property is a fantastic investment. It offers both a two-story house with an upper and lower unit, as well as a 3rd unit above the detached 3 bay garage. The main level of the house is equipped with 3 bedrooms, 1.5 baths, a living room and an eat-in kitchen with plenty of elbow room. This unit is currently rented for $650/mo, but could easily be raised after its numerous updates. Upstairs, you will find a separate living space with new carpet, fresh paint, 1 or 2 possible bedrooms and a full bath. This unit is currently vacant, but posses rental potential of $400/mo. The house's newer roof, windows and water lines provide peace of mind, and it's updated front porch offers a great space to relax and enjoy some fresh air. The garage apartment has been completely updated with shining, refinished hardwoods throughout, new windows and new paint as well. It is vacant and has rental potential of $500/mo. Each of the three units is on its own electric meter with the seller only being responsible for water/sewer expenses and property taxes (totaling approximately $200 monthly/$2400 annually). Don't miss out on this unique property and all it has to offer - come check it out!

Last Agent to Sell the Property

Jim Griffin

LPT Realty - Griffin Home Group License #310406 Listed on: 10/09/2018

LPT Realty - Griffin Home Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Level Lot
  • Property is in average condition

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Covered Patio or Porch

Schools

  • Lincoln Elementary School
  • Sevier Middle School
  • Dobyns Bennett High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 046N L 003.00

Community Details

Overview

  • 2 Buildings
  • FHA/VA Approved Complex

Building Details

  • Operating Expense $2,400
  • Gross Income $19,200
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Directions: From Johnson City - Take 26 toward Kingsport. Take exit 4 and continue straight onto S Wilcox. Turn left onto E Center St and property will be on your left.
  • Prop. Type: Residential Income
  • Year Built: 1920
  • Garage Garage Spaces: 3
  • Property Sub Type: Other
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 046N L 003.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.17
  • General Property Description Zoning2: R 1B
  • General Property Description Elementary School3: Lincoln
  • General Property Description Middle School2: Sevier
  • General Property Description High School3: Dobyns Bennett
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 50 X 150
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • Roof Composition: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Excluded From Sale A C Window Units: Yes
  • Property Condition Average: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • General Property Description # Buildings: 2
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, Smoke Detector(s)
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Other Rooms:Apartment: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Composition
  • Lot Features: Level
  • Exterior Features: Sidewalk
  • Acres: 0.17
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Covered, Front Porch
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: Asphalt, Attached
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes

Utilities

  • Heating: Floor Furnace
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Floor Furnace: Yes

Schools

  • Elementary School: Lincoln
  • High School: Dobyns Bennett
  • Middle Or Junior School: Sevier

Lot Info

  • Zoning: R 1B
  • Lot Dimensions: 50 X 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 046N L 003.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 19200.0
  • Vacancy Allowance Rate: 33.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $123,000 -11.5% --
01/21/2019 01/21/19 Pending -- -- --
10/09/2018 10/09/18 For Sale $139,000 -- --
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 413578

Tennessee/Virginia Regional MLS