407 N 4Th St, Kingston, TN 37763
$1,605,000
Property Type:
Multi-Family
Square Footage:
12,870
Lot Size (sq. ft.):
22,216
Status:
Closed
Current Price:
$1,605,000
List Date:
10/08/2024
Last Modified:
1/15/2025
Description
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.
More Information MLS# 1278894
Location, Tax & Legal Info
Area: Roane County - 31
City/County Code: City Limits
Total Tax: 8397.92
Contract Info
Auction Y/N: No
Listing Price: 1650000
Current Price: $1,605,000
Status: Closed
Listing Date: 2024-10-05
General Property Description
Lot Dimensions: 150x147
Lot Size SqFt: 22216
# Units Leased: 16
Restrictions: No
Utilities/Mo Avg: 1260
Property Status: N/A
Driveway: Paved
Lease Information: See Attached Financials With Rent Roll
SqFt - Total (Aprox): 12870
Number of Units: 16
Year Built: 1973
Remarks & Misc
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.
Public Remarks: 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.
Income/Expenses
Gross Annual Income: 208560
Annual Oper Expenses: 67385
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Garden: 1
Townhouse: 1
Unfurnished: 1
Siding
Brick: 1
Other: 1
Sale Includes
Building and Land: 1
Miscellaneous
Coin Laundry: 1
Cooling
Central Cooling: 1
Wall Cooling: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Heating: 1
Owner Expenses
HVAC Maintenance: 1
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Fuel
Electric: 1
Heat
Baseboard: 1
Forced Air: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Other Rooms
Other: 1
Roof
Composition: 1
Exterior Features
Balcony: 1
Misc Features
Washer/Dryer Connect: 1
New Financing
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 407
St Dir: N
Street Name: 4Th
St Suffix: St
State/Province: TN
Zip Code: 37763
PIN #: 058B G 006.00
Geo Lat: 35.873486
Geo Lon: -84.512739
Status Change Info
Status Change Date: 2025-01-15
Under Contract Date: 2024-10-15
Sold Date: 2025-01-15
Sold Price: $1,605,000
IncomeExpenses
Net Operating Income: 131175
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden; Townhouse; Unfurnished
Sale Includes: Building and Land
Floors: Carpet; Laminate; Vinyl
Tenant Expenses: Electricity
Owner Expenses: HVAC Maintenance; Insurance; Sewer; Taxes; Trash Collection; Water
Fuel: Electric
Heat: Baseboard; Forced Air
Cooling: Central Cooling; Wall Cooling
Appliances: Dishwasher; Range; Refrigerator; Self Cleaning Oven
Construction: Frame - Brick
Roof: Composition
Siding: Brick; Other
Exterior Features: Balcony
Misc Features: Washer/Dryer Connect
Other Rooms: Other
Miscellaneous: Coin Laundry
New Financing: New Loan
Showing: See Agent Instructns
Property Financials ›Listing Office: Goldman Partners Realty, LLC
Office Phone: 865-705-8675
Last Updated: January - 15 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
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