NOT LISTED FOR SALE

Estimated Value: $379,000 - $399,540

-- Bed
4 Baths
3,248 Sq Ft
$119/Sq Ft Est. Value

Last Sold April 14, 2021

Last sale price $272,000 $84 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,272/month

Highlights

  • 0.25 Acre Lot
  • No HOA
  • Eat-In Kitchen
  • Abraham Lincoln Elementary School Rated A-
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of April 2021

What a Great opportunity to own a money making fully rented All Brick 4-plex in the center on Kingsport. Very Convenient location, Close to businesses and restaurants, Each Unit is 2 bedroom and 1 bath, Newer Kitchens and Appliances , Newer flooring in all units, Newer metal Roof, Newer Windows , All units have heat pumps, Each Unit has laundry rooms, Situated on a large Corner Lot in the heart of Kingsport City. Buyer to verify all information.

Last Agent to Sell the Property

Matt Adams

Southern Dwellings Listed on: 02/22/2021

Last Buyer's Agent

Kim Jeffries

Hammontree Real Estate License #252530

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 100x100
  • Level Lot
  • Property is in good condition

Parking

  • Deeded Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Jefferson Elementary School
  • Robinson Middle School
  • Dobyns Bennett High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Kingsport Townsite Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061c G 001.00
  • Tax Block 163

Property Details

Home Type

Multi-Family

Year Built

Built in 1967 | Remodeled

Lot Details

0

Listing Details

  • Directions: From Downtown Kingsport take Center Street to right onto Lamont Street, Right onto Holyoke Street, 4-PLEX is on the corner of Holyoke and Federal Street.
  • Prop. Type: Multi Family
  • Building Stories: 2
  • Year Built: 1967
  • Property Sub Type: Quadruplex
  • Subdivision Name: Kingsport Townsite
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Location Tax Legal Info Parcel ID: 061c G 001.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.25
  • General Property Description Zoning2: R-1C
  • General Property Description Elementary School3: Jefferson
  • General Property Description Middle School2: Robinson
  • General Property Description High School3: Dobyns Bennett
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 100x100
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Other Rooms Laundry: Yes
  • Location Tax Legal Info Block: 163
  • Roof Metal3: Yes
  • Flooring Ceramic Tile: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 4
  • General Property Description Home Warranty2: No
  • Utilities Cable Connected2: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Crawl Space
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, Remodeled
  • Window Features: Double Pane Windows
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Acres: 0.25
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: Covered, Front Porch, Rear Patio
  • Exterior Finish Brick4: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Rear Patio: Yes

Garage/Parking

  • Parking Features: Deeded
  • Attached Garage: No
  • Parking Features:Deeded: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Jefferson
  • High School: Dobyns Bennett
  • Middle Or Junior School: Robinson

Lot Info

  • Zoning: R-1C
  • Lot Dimensions: 100x100
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 061c G 001.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 14, 2021
Sold by
Carrigan K L K and Carrigan Tonni K
Bought by
Caduceus Rentals Llc
Seller's Agent
Matt Adams
Southern Dwellings
Buyer's Agent
Kim Jeffries
Hammontree Real Estate
List Price
$239,000
Sold Price
$272,000
Premium/Discount to List
$33,000
13.81%
Current Estimated Value
$387,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,885
Avg. Annual Appreciation
8.13%
Original Mortgage
$217,600
Outstanding Balance
$163,341
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$224,544

Purchase Details

Closed on
Oct 18, 2002
Sold by
Bruce Philipp and Bruce Cynthia
Bought by
Carrigan K L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.01%

Purchase Details

Closed on
Jan 5, 2001
Sold by
Terry Gillenwater
Bought by
Bruce Phillipp

Purchase Details

Closed on
Aug 25, 1993
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Caduceus Rentals Llc $272,000 None Available
Caduceus Rentals Llc $272,000 None Listed On Document
Carrigan K L $136,000 --
Bruce Phillipp $125,000 --
-- $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caduceus Rentals Llc $217,600
Closed Caduceus Rentals Llc $217,600
Previous Owner -- $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2021 04/14/21 Sold $272,000 +13.8% $84 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $239,000 -- $74 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $62,880 $6,680 $56,200
2023 $2,770 $62,880 $6,680 $56,200
2022 $2,770 $62,880 $6,680 $56,200
2021 $2,694 $62,880 $6,680 $56,200
2020 $1,535 $62,880 $6,680 $56,200
2019 $2,768 $59,720 $6,680 $53,040
2018 $2,702 $59,720 $6,680 $53,040
2017 $2,702 $59,720 $6,680 $53,040
2016 $2,836 $61,040 $6,680 $54,360
2014 $2,670 $61,028 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9918633

Tennessee/Virginia Regional MLS

APN: 061C-G-001.00