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
- 150×147
- 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
Location, Tax & Legal Info
- Area
- Roane County – 31
- City/County Code
- City Limits
- Total Tax
- 8397.92
More Information
Remarks & Misc
- Directions
- From I-40 take exit 352 and head South on Hwy 58 (N Kentucky St), Travel .7 miles and turn left onto E Spring St. Travel 2 blocks and Apartments are on the left at the NE corner of 4th and Spring.
- Public Remarks
- 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.
Income/Expenses
- Gross Annual Income
- 208560
- Annual Oper Expenses
- 67385
Property Sub-Type
- Apartment
- Yes
Construction
- Frame – Brick
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
- Garden
- Yes
- Townhouse
- Yes
- Unfurnished
- Yes
Siding
- Brick
- Yes
- Other
- Yes
Sale Includes
- Building and Land
- Yes
Miscellaneous
- Coin Laundry
- Yes
Cooling
- Central Cooling
- Yes
- Wall Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Vinyl
- Yes
Garage/Parking
- On Premise Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
Owner Expenses
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
Heat
- Baseboard
- Yes
- Forced Air
- Yes
Appliances
- Dishwasher
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
Other Rooms
- Other
- Yes
Roof
- Composition
- Yes
Exterior Features
- Balcony
- Yes
Misc Features
- Washer/Dryer Connect
- Yes
New Financing
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
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
Property Financials ›
Listing Office:
Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: January – 15 – 2025
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