NOT LISTED FOR SALE

407 Fourth St Kingston, TN 37763

-- Bed
-- Bath
12,870 Sq Ft
22,216 Sq Ft Lot

Last Sold January 15, 2025

Last sale price $1,605,000 $125 Per Sq Ft

7 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Carpet
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

As of January 2025

RARE OPPORTUNITY - 16 UNITS - KINGSTON - 8 CAP - FULLY RENTED WITH 11 OUT OF 16 UNITS RECENTLY RENOVATED. See financials in the docs tab with income and expenses including a full rent roll. Nicely located to downtown Kingston, the 11 renovated units feature new flooring, appliances and kitchen cabinetry. Residents enjoy parking at their door and & an onsite laundry room. Additionally, the 8 two bedroom units have their own washer/dryer connections and central HVAC. This property enjoys plenty of parking, excellent unit mix, convenient location and great proximity to parks, a beautiful waterfront and easy boat launch access.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 10/08/2024

Last Buyer's Agent

Wayne Rutherford

Keller Williams License #264607

Keller Williams

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,014

Year Built

  • Built in 1973

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 150x147

Home Design

  • 12,870 Sq Ft Home
  • Garden Apartment
  • Brick Exterior Construction
  • Composition Roof

Kitchen

  • Self-Cleaning Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Driveway
  • On-Site Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Baseboard Heating

Additional Features

  • Washer and Dryer Hookup
  • Balcony

Listing and Financial Details

  • The owner pays for trash collection, taxes, insurance
  • Assessor Parcel Number 058B G 006.00

Community Details

Overview

  • 16 Units

Building Details

  • Operating Expense $67,385
  • Net Operating Income $131,175

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,014

Year Built

Built in 1973

Lot Details

0.51 Acres

Listing Details

  • Directions: From I-40 take exit 352 and head South on Hwy 58 (N Kentucky St), Travel .7 miles and turn left onto E Spring St. Travel 2 blocks and Apartments are on the left at the NE corner of 4th and Spring.
  • Prop. Type: Multi-Family
  • Year Built: 1973
  • Lot Size Acres: 0.51
  • Lot Size: 150x147
  • General Property Description:Lot Size SqFt: 22216.0
  • Contract Info:List PriceSqFt2: 128.2
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • Heat:Forced Air: Yes
  • General Property Description:Driveway: Paved
  • Heat:Baseboard: Yes
  • Cooling:Wall Cooling: Yes
  • Roof:Composition: Yes
  • Property Sub-Type:Apartment: Yes
  • Type of Units:Garden: Yes
  • Type of Units:Townhouse: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator, Self Cleaning Oven
  • Owner Pays: Trash Collection, Taxes, Insurance
  • Flooring: Laminate, Carpet, Vinyl
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Exterior Features: Balcony
  • Construction Type: Brick, Other
  • Construction:Frame - Brick: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling, Wall Cooling
  • Cooling Y N: Yes
  • Heating: Forced Air, Baseboard, Electric
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 22216.0
  • Parcel #: 058B G 006.00
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 208560.0
  • Property Net Operating Income: 131175.0
  • Annual Operating Expense: 67385.0

Tax Info

  • Tax Annual Amount: 3014.05
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 Prior Sale
01/15/2025 01/15/25 Sold $1,605,000 -2.7% $125 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
10/08/2024 10/08/24 For Sale $1,650,000 +50.0% $128 / Sq Ft
09/15/2023 09/15/23 Sold $1,100,000 -6.1% $85 / Sq Ft View Prior Sale
07/17/2023 07/17/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $1,172,000 -- $91 / Sq Ft
Source: East Tennessee REALTORS® MLS

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
2025 -- $439,800 $21,440 $418,360
2024 -- $230,080 $6,120 $223,960
2023 $8,398 $230,080 $6,120 $223,960
2022 $8,398 $230,080 $6,120 $223,960
2021 $8,561 $230,080 $6,120 $223,960
2020 $8,553 $230,080 $6,120 $223,960
2019 $7,634 $187,800 $8,800 $179,000
2018 $7,446 $187,800 $8,800 $179,000
2017 $7,446 $187,800 $8,800 $179,000
2016 $7,446 $187,800 $8,800 $179,000
2015 $4,723 $187,800 $8,800 $179,000
2013 -- $207,720 $8,800 $198,920
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1278894

East Tennessee REALTORS® MLS

APN: 073058B G 00600

Your Personal Tour Guide

Ask me questions while you tour the home.