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

Overview

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.

Listing Details MLS# 1278894

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

Contract Info

Auction Y/N
No
Listing Price
1650000

General Property Description

SqFt - Total (Aprox)
12870
Lot Dimensions
150x147
Lot Size SqFt
22216
Number of Units
16
# Units Leased
16
Utilities/Mo Avg
1260
Year Built
1973
Property Status
N/A
Restrictions
No
Driveway
Paved
Lease Information
See Attached Financials With Rent Roll

Status Change Info

Status Change Date
2025-01-15
Under Contract Date
2024-10-15
Sold Date
2025-01-15

IncomeExpenses

Net Operating Income
131175

More Information

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
IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: January - 15 - 2025
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