116 Highland Avenue, Church Hill, Tennessee 37642
- $551,000
- 2,304
- SqFt
- Sold Price
- $551,000
- List Price
- $560,000
- Closing Date
- Sep 18, 2023
- MLS#
- 9952525
- Status
- CLOSED
- Sq. Ft
- 2,304
- Subdivision
- Not In Subdivision
- Year Built
- 1978
Property Description
Multiple Offers. Please submit Best and Final by 5pm, Monday, July 10.Great Value Add Opportunity!! Brick 10-Plex in Church Hill provides a great value add opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building are all currently rented with a total gross income of $4860 per month. 6 have been remodeled. Roof was replaced in 2020. The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2 bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Strong BRRRR potential. Rear space is not in the owner's current financials and could generate an additional $1700 per month in income once remodeled. Separate Electric meters. Owner pays water and trash.Property Information taken from tax records and third party sources. Buyers agent to verify all information.
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Additional Information
- Lot Dimensions
- 150 X 150
- Style
- 2 Story
- Stories
- 2
- Exterior
- Brick
- Appliances
- Electric Range, Refrigerator
- Flooring
- Carpet, Vinyl
- Roof
- Metal
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Elementary School
- Church Hill
- Middle School
- Church Hill
- High School
- Volunteer
Mortgage Calculator
Listing courtesy of Weichert Realtors Saxon Clark KPT. Selling Office: KW Kingsport.