713 Boone St, Kingsport, TN 37660

CASH FLOW!

ASKING PRICE: $217,700 OBO

*NR-EMD: $3,500

4-Plex, 2/1 in each unit - Get it before it's gone!!!

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Awesome deal here under 55k per unit! Turn key rent ready! Deals like this are hard to come bye. With two vacant units ready to rent and two occupied with current tenants on a month to month lease this property is turnkey with little to no rehab necessary. Rents currently under market value by a few hundred dollars! See Comps below!

Property Details:

Layouts of all units are the same. Property has a small low maintenance corner lot. The roof is 12 years old, no leaks, architect shingle. Each unit has central HVAC and all units function normally. Each unit is separately metered for power. The windows are all double pane vinyl and the flooring throughout is in good shape and mostly hardwood and tile. Some of the bathrooms are updated. The plumbing has been somewhat updated with pex.

THE GOOD

• (each unit) 2 bed 1 bath, 665 fin sqft
• Units 1 and 2 are vacant but in rentable condition.
• Units 3 and 4 both rented for $500 / mo / each
• Both occupied units are rented to the same family
• Roof is 12 yo, Architect shingle.
• Each unit has central HVAC
• Each unit is separately metered for power
• Windows are all double pane vinyl
• The flooring throughout, hardwood and tile
• Off-street parking to the rear of property.
• Private basement and attic storage, HVAC units and panels are only accessible for the owner.

Rent

• Units 1: Vacant, ready to go
• Units 2: Vacant, ready to go
• Units 3: $500 /m, m/m, no current contract in place
• Units 4; $500 /m, m/m, no current contract in place

Utilities

• The building is only serviced by one water meter, in the owners name
• Owner Pays water - $80 / mo
• City water and sewer
• Electricity is separately metered for all units
• Tenants cover power, in their names
• Owner pays the power bill for unit 1, Sump pump is tied to that unit so he keeps it on, unit 2 power should be secured but is still in previous tenant name.

** leases are over two years old and agreements have turned into month to monthe! Seller does not have copies of the leases any longer.

Walk-through

Call to request walk-through

Seller will be present for walk-throughs, there will be 24 hour notice given to tenets, you'll have to work with us on the showings if you're interested., there will be no partial showings on the property. No lockbox on site. Walk-throughs will be limited, so call ASAP or buy it now to lock it down!

COMPS

• 1300 Holyoke Street, 4-plex, 2/1 Each Unit, SOLD:$272,00, 04/18/2021
• 714 Maple oak Lane, 4-plex, 1/1 Each Unit, SOLD:$294,00, 10/02/2022
• 964 Kendrick Creek Road, 4 plex, 2/1.5 Each Unit, SOLD:$309,000, 11/02/2022
• 321 Carver Street, Duplex, Duplex, 1/1 Each Unit, SOLD:$164,900, 08/17/2022
• 3285 Ridgeview Street, Duplex, 1/1 Each Unit, SOLD:$225,00, 04/26/2022

GET THOSE OFFERS IN QUICK! THIS SHOULD GO FAST!

👉 CALL OR TEXT BLAINE

 FOR MORE INFO !

📞 (423) 374-3691