101-111 Raintree Lane, Kingston, TN 37763 (MLS# 1176352)

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

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

More Information

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

Documents

IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: March - 30 - 2022
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Search powered by FBS Products