2020 East Center Street, Kingsport, TENNESSEE

$449,900

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0.09

Acres

About 2020 East Center Street

Great Investment Opportunity! Discover the charm and potential of this historic building, a proven income-generator with a strong track record as a successful apartment complex. Boasting 100% occupancy nearly year-round and all units currently occupied, this property is a rare find. Formerly known as the Palmer Building, this versatile property boasts a rich history as a pharmacy storefront, medical offices, and more. It offers endless possibilities, whether for office spaces, a restaurant, or any venture you envision. The property features 11 units, generating $6,700 monthly or $80,400 annually. These include one 2-bedroom, 1-bath unit and ten 1-bedroom, 1-bath units, totaling 12 bedrooms and 11 bathrooms. Located within walking distance of Dobyns-Bennett High School and just minutes from East Stone Drive's amenities, the property combines convenience with an unbeatable location. The owner pays utilities and there are no HOA or CAM fees. This property offers excellent cash flow, with the potential for even greater returns with some TLC. Whether you're expanding your portfolio or launching a new endeavor, this is an opportunity you won't want to miss. Rent rolls and expenses are available upon request.

Features of 2020 East Center Street

MLS® # 9975107
Price $449,900
Bathrooms 0.00
Acres 0.09
Year Built 1920
Type Multi Family
Sub-Type Multi Family
Style See Remarks
Status Active

Community Information

Address 2020 East Center Street
Subdivision Kingsport Heights
City Kingsport
County Sullivan
State TENNESSEE
Zip Code 37664

Amenities

Is Waterfront No

Interior

Interior Features See Remarks
Appliances See Remarks
Heating Radiant
Cooling Window Unit(s)
Fireplace No
# of Stories 2
Stories Two
Basement Concrete, Sump Pump

Exterior

Exterior Brick, Plaster
Exterior Features See Remarks
Lot Description Level2
Roof Rubber

School Information

Elementary Lincoln
Middle Sevier
High Dobyns Bennett

Additional Information

Date Listed January 16th, 2025
Days on Market 28
Zoning Commercial
Foreclosure No
Short Sale No

Listing Details

OfficeGreater Impact Realty Jonesborough

Listing Map

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