1006 Gibson Mill RD Kingsport, TN 37660
8,759 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,759 sqft
Price per Sqft $85
Subdivision Not In Subdivision
MLS Listing ID 9995080
Style Cottage,Duplex,Other,See Remarks
HOA Y/N No
Year Built 1930
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
After over 25 successful years of ownership and operation, the owners are ready to retire, creating an outstanding opportunity for investors to purchase a well-established, income-producing property with long-term potential.
The property features a storefront commercial building currently occupied and operated by Holston Floral Shop, an 8-Unit Apartment Building featuring 1-bedroom, 1-bathroom units, A Duplex offering one 2-bedroom, 1-bathroom and one 1-bedroom, 1-bathroom unit, plus a Charming Cottage Style Home with 2 bedrooms and 1 bathroom.
9 units are currently rented, providing immediate income for the new owner. Holston Floral Shop is currently operating at the property. The storefront is currently set up and operating as a floral shop. The space offers a great opportunity for someone interested in continuing a floral business or creating their own storefront business.
Whether you are looking to grow your investment portfolio or purchase a well-established multi-property investment, this opportunity offers immediate rental income and excellent long-term potential in a prime location with easy access to downtown Kingsport, shopping, restaurants, medical offices, and Holston Valley Medical Center.
Location
State TN
County Sullivan
Community Not In Subdivision
Zoning B 1
Direction From Stone Drive in Kingsport to 1006 Gibson Mill Rd: Head toward downtown Kingsport on Stone Drive (US-11W). Turn onto Broad Street / Center Street area toward Gibson Mill Road. Follow Gibson Mill Road to 1006 Gibson Mill Rd, Kingsport, TN 37660.
Interior
Heating Baseboard, Central, Heat Pump
Cooling Heat Pump, Wall Unit(s), Window Unit(s)
Flooring Tile
Fireplace No
Appliance Electric Range, Refrigerator
Heat Source Baseboard, Central, Heat Pump
Exterior
Parking Features Driveway, Attached, Shared Driveway
Utilities Available Electricity Connected
Roof Type Metal
Topography Level
Building
Entry Level Two
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Cottage, Duplex, Other, See Remarks
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Jackson
Middle Schools Sevier
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 046g G 02500 000, 048g G 023 00, 046g G 024.00