2008 Bloomingdale RD Kingsport, TN 37660
5,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $98
MLS Listing ID 9991166
Style Traditional
HOA Y/N No
Year Built 1972
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 75 x 150 IRR
Property Sub-Type Other
Source Tennessee/Virginia Regional MLS
Property Description
Investor special! This 6-unit multifamily property, built in 1972 and totaling approximately 5,096 sq ft, offers a solid income-producing opportunity with strong value-add potential. All six units feature an identical layout including a galley kitchen with rear deck access, main-level living area, and an upstairs floor plan with two spacious bedrooms and a full hallway bath.
The building features a brick exterior in good condition and an architectural shingle roof. HVAC systems and hot water heaters vary in age but are operational. Kitchen appliances also vary in age. Bathrooms are functional in all units except Unit 1, which requires a full renovation in the tub/shower and is currently non-operational. Flooring varies by unit (carpet and LVP) and is overall in good condition.
Current rents:
Unit 1: $0 (vacant/non-functional)
Unit 2: $300/month
Units 3-6: $600/month each
Total monthly income: $2,700
Annual income: $32,400
Property is in good overall condition and presents a strong opportunity for investors to increase value through updates and renovations. Ideal for buyers seeking a multifamily asset with upside potential and existing cash flow. Parcels 031H A 010.00 & 031H A 006.00 are both included. All units have separate electric and water meters. All Information is deemed reliable but should be verified by buyer or buyer's agent. Set up a showing through your agent or call Listing agent. Please no drive-byes. View with appointment only.
Location
State TN
County Sullivan
Area 0.27
Zoning R 1
Direction From Bristol to Kingsport Turn onto US-11WS, Turn Right onto Ollis Bowers Hill Road, Turn Left onto Bloomingdale Road 5.7 miles, Arrive at 2008 Bloomingdale Road on Right.
Rooms
Basement Crawl Space
Interior
Interior Features See Remarks
Heating Heat Pump
Cooling Heat Pump
Flooring See Remarks, Luxury Vinyl, Carpet
Appliance See Remarks
Heat Source Heat Pump
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Asphalt
Utilities Available Electricity Connected, Water Connected
Roof Type Shingle
Topography Level
Porch Rear Porch
Building
Story 2
Entry Level Two
Foundation Block
Sewer Septic Tank
Water Public
Architectural Style Traditional
Level or Stories 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Ketron
Middle Schools Sullivan Heights Middle
High Schools West Ridge
Others
Senior Community No
Tax ID 031h A 00600 000