101-111 Raintree Lane, Kingston, TN 37763
$1,500,000
Property Type:
Multi-Family
Square Footage:
14,560
Lot Size (sq. ft.):
41,800
Status:
Closed
Current Price:
$1,500,000
List Date:
12/18/2021
Last Modified:
3/30/2022
Overview
Description
INCREDIBLE VALUE ADD OPPORTUNITY! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES.
16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted. 4 units are vacant and available for a new owner to complete their upgrades. Upon remodel completions, redone units are now renting for $850-$900.
Listing Details MLS# 1176352
Location Tax Legal Info
- House #
- 101-111
- Street Name
- Raintree
- St Suffix
- Lane
- State/Province
- TN
- Zip Code
- 37763
- PIN #
- 058N H 024.00 000
Contract Info
- Auction Y/N
- No
- Listing Price
- 1440000
General Property Description
- SqFt - Total (Aprox)
- 14560
- Lot Dimensions
- 300x138xirreg
- Lot Size SqFt
- 41800
- Number of Units
- 16
- # Units Leased
- 12
- Year Built
- 1982
- Property Status
- N/A
- Driveway
- Paved
- Lease Information
- 16-2BR+1BA
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2022-03-30
- Under Contract Date
- 2021-12-23
- Sold Date
- 2022-03-30
IncomeExpenses
- Net Operating Income
- 73370
Location, Tax & Legal Info
- Area
- Roane County - 31
- City/County Code
- City Limits
- Total Tax
- 12084
More Information
Remarks & Misc
- Directions
- Take I-40. Exit 355. Left onto Lawnville, left onto Ladd Wright, right onto Kingston Hwy, left onto Bailey, right onto Paint Rock, left onto Woodlawn, left onto Willowbrook. Properties on the right starting at corner of Raintree & Willowbrook.
- Public Remarks
- INCREDIBLE VALUE ADD OPPORTUNITY! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES. 16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted. 4 units are vacant and available for a new owner to complete their upgrades. Upon remodel completions, redone units are now renting for $850-$900.
Income/Expenses
- Gross Annual Income
- 131340
- Annual Oper Expenses
- 44720
Property Sub-Type
- Apartment
- Yes
- Four Plex
- Yes
Construction
- Frame - Brick
- Yes
Type of Units
- 2 Bedroom Unit
- Yes
- Garden
- Yes
Siding
- Brick
- Yes
Sale Includes
- Building and Land
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Vinyl
- Yes
Garage/Parking
- On Premise Parking
- Yes
Tenant Expenses
- Tenant Pays All Util
- Yes
Owner Expenses
- HVAC Maintenance
- Yes
- Lawn Maintenance
- Yes
- Taxes
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Dishwasher
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
Other Rooms
- Other
- Yes
Roof
- Metal
- Yes
Exterior Features
- Balcony
- Yes
- Patio
- Yes
Misc Features
- Washer/Dryer Connect
- Yes
New Financing
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Apartment; Four Plex
Type of Units:
2 Bedroom Unit; Garden
Sale Includes:
Building and Land
Floors:
Carpet; Vinyl
Tenant Expenses:
Tenant Pays All Util
Owner Expenses:
HVAC Maintenance; Lawn Maintenance; Taxes
Fuel:
Electric
Heat:
Central
Cooling:
Central Cooling
Appliances:
Dishwasher; Refrigerator; Self Cleaning Oven
Construction:
Frame - Brick
Roof:
Metal
Siding:
Brick
Exterior Features:
Balcony; Patio
Misc Features:
Washer/Dryer Connect
Other Rooms:
Other
New Financing:
New Loan
Showing:
See Agent Instructns
Disclosures ›
Listing Office:
Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: March - 30 - 2022
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