NOT LISTED FOR SALE

340 E Carters Valley Rd Kingsport, TN 37660

Morrison City Neighborhood
2 Beds
1 Bath
870 Sq Ft
1.57 Acres

Last Sold January 19, 2021

Last sale price $530,000 $609 Per Sq Ft

9 Days on Market

Highlights

  • 1.57 Acre Lot
  • Eat-In Kitchen
  • Patio
  • Front Porch
  • Cooling Available
  • Level Lot

About This Home

As of January 2021

Incredible investment opportunity! Two story, all brick, townhouse style apartments in a great location close to the Tennessee and Virginia Border just off Lynn Garden and the I26 on ramp. All 2 bedrooms and 1 bath with modern paint colors, updated kitchens and baths and washer and dryer hookups in a concealed laundry closet. Covered front porch, nice patio out back with dividers from adjacent units and plenty of off street parking. Tenant responsible for all utilities. Instant income with all units currently rented. $54,600 annual rent income at current full occupancy rates with opportunity for rent increases. Serious inquires only please.

Last Agent to Sell the Property

Robin Smith

KW Kingsport License #309454 Listed on: 11/13/2020

KW Kingsport

Co-Listed By

Rachel Smith

KW Kingsport License #346315

Last Buyer's Agent

KELLY WEST

Premier Homes & Properties License #331912

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 1.57 Acre Lot
  • Level Lot
  • Property is in good condition

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Kennedy Elementary School
  • Ketron Middle School
  • West Ridge High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Community Details

  • 8 Units
  • Gross Income $54,600

Listing and Financial Details

  • Assessor Parcel Number 013i B 017.10

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: Take Lynn Garden Drive towards Weber City, turn right on E. Carters Valley Road, go approx. 1 mile. The building is on the right.
  • Prop. Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Multi-Family
  • Co List Office Mls Id: 616
  • Co List Office Phone: 423-247-5510
  • Architectural Style: Townhouse
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 013i B 017.10
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.57
  • General Property Description Zoning2: R 3
  • General Property Description Elementary School3: Kennedy
  • General Property Description Middle School2: Ketron
  • General Property Description High School3: West Ridge
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 241.27X283.98 IRR
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Foundation Block6: Yes
  • Flooring Vinyl: Yes
  • Style Townhouse: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 8
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Crawl Space
  • Flooring: Vinyl, Carpet, Laminate
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Lot Features: Level
  • Exterior Features: Sidewalk
  • Acres: 1.57
  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Rear Patio
  • Exterior Finish Brick4: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Rear Patio: Yes

Garage/Parking

  • Parking Features: Asphalt, Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:Asphalt2: Yes

Utilities

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

Schools

  • Elementary School: Kennedy
  • High School: West Ridge
  • Middle Or Junior School: Ketron

Lot Info

  • Zoning: R 3
  • Lot Dimensions: 241.27X283.98 IRR
  • Lot Size Sq Ft: 68389.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 013i B 017.10
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 54600.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $530,000 -8.6% $609 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $579,900 -- $667 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robin Smith

    Seller's Agent in 2021

    Robin Smith

    KW Kingsport

    (423) 340-1787

    1 in this area

    118 Total Sales

    Robin Smith
    Section Image
  • Rachel Smith

    Seller Co-Listing Agent in 2021

    Rachel Smith

    KW Kingsport

    (423) 343-3238

    2 in this area

    105 Total Sales

    Rachel Smith
    Section Image

  • K

    Buyer's Agent in 2021

    KELLY WEST

    Premier Homes & Properties

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9915514

Tennessee/Virginia Regional MLS
Tennessee Sullivan County Kingsport 37660 Morrison City

340 E Carters Valley Rd, Kingsport, TN

This home is located at 340 E Carters Valley Rd, Kingsport, TN 37660 since 13 November 2020. This property was built in 1968. 340 E Carters Valley Rd is a home located in Sullivan County with nearby schools including Ketron Elementary School, Sullivan South High School, and Cedar View Christian School.

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