NOT LISTED FOR SALE

407 Fourth St Kingston, TN 37763

-- Bed
-- Bath
12,870 Sq Ft
0.51 Acre Lot

Sale Details

Date 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

  • 22,216 Sq Ft 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,605,000 Premier Title
$100,000 Premier Title Group
$10,000 --
$300,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $880,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1278894

East Tennessee REALTORS® MLS

APN: 073058B G 00600

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