300 East Sullivan Street, Unit P 12

Kingsport, TN 37660

$900,000
Price
6
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5
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Description

Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential. With brand-new plumbing and electrical systems already installed,...Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential. With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use. The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients. This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!
  1. Listed by Lisa Scott • Century 21 Legacy Col Hgts

Property Details for 300 East Sullivan Street, Unit P 12

Architectural Style
Other
Zoning
B2
LISTING UPDATED: 10/18/2024 12:32 PM

Property Details for 300 East Sullivan Street, Unit P 12

StatusActive
MLS #9972460
Days on Market37
Taxes$1,776 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Family
Year Built1920
Lot Size0.07 AC / 3,049 SF
CountySullivan County

Building Information for 300 East Sullivan Street, Unit P 12

Stories-Residences-Year Built1920Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 300 East Sullivan Street, Unit P 12

Summary
Location and General Information
  • City: Kingsport
  • County: Sullivan
  • Directions: E Center St to North on Cherokee St, property on corner of Cherokee and E Sullivan
  • Latitude: 36.55
  • Longitude: -82.56
  • Postal Code: 37660
  • State Or Province: TN
  • General Property Description : Zoning: B2
Taxes and HOA Information
  • Association: No
  • Parcel Number: 046p D 018.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 3491
  • Location Tax Legal Info : Deed Page: 291
  • Location Tax Legal Info : City Taxes: $805.71
  • Location Tax Legal Info : County Taxes: $970.18
  • Location Tax Legal Info : Block: 156
School Information
  • High School: Dobyns Bennett
  • Middle Or Junior School: Sevier
  • Elementary School: Lincoln
Property
Lot Information
  • Lot Size Dimensions: Irr
  • Lot Size Square Feet: 3,049.20
  • Lot Size Acres: 0.07
  • Lot Features: Level
  • Lot Size Area: .07
  • Lot Size Units: Acres
  • Building Area Total: .00
  • General Property Description : Acres: .07
Property and Assessments
  • Property Type: Multi Family
  • Year Built: 1920
  • Property Sub Type: Multi Family
  • Property Type Label: Multi Family
Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Heat Pump
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Levels: Two
Exterior Features
  • Construction Materials: Brick
  • Heating : Heat Pump: Heat Pump
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : Total Units: 4.00
Unit 1
  • Unit 1 : # Bathrooms: 2.0
  • Unit 1 : # Bedrooms: 2
Unit 2
  • Unit 2 : # Bedrooms: 1
  • Unit 2 : # Bathrooms: 1.00
Unit 3
  • Unit 3 : # Bedrooms: 1
  • Unit 3 : # Bathrooms: 1.0
Unit 4
  • Unit 4 : # Bedrooms: 2
  • Unit 4 : # Bathrooms: 1.0

Property History for 300 East Sullivan Street, Unit P 12

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 300 East Sullivan Street, Unit P 12

This home is within Kingsport School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - PK to 5
Robinson Middle School
Public - 6 to 8
Sevier Middle School
Public - 6 to 8
Dobyns - Bennett High School
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Robinson Middle School
Public6 to 8

Sevier Middle School
Public6 to 8

Dobyns - Bennett High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 300 East Sullivan Street, Unit P 12, Kingsport, TN 37660

300 East Sullivan Street, Unit P 12 is a multi-family home for sale in Kingsport, TN 37660. This property was listed for sale on October 18, 2024 by Century 21 Legacy Col Hgts, it's currently listed at $900,000. This listing's school district is Kingsport School District. Nearby schools include Lincoln Elementary School, Robinson Middle School and Sevier Middle School. 300 East Sullivan Street, Unit P 12 is a 6-bed, 5-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Legacy Col Hgts, Lisa Scott (603.369.8160)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/18/2024 12:32 PM