TN
Sullivan
Kingsport
37664
2020 Center Street
2020 Center Street, Kingsport, TN 37664
Listing Type
Multi Family
Listing Status
active
45
$449,900

Home Details for 2020 Center Street

Price
$449,900
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1920
Lot size acres
0.09
County
Sullivan
Garage
Basement
Concrete, Sump Pump
Days on site
17
MLS Listing#
9975107
Listing Courtesy: Greater Impact Realty Jonesborough - 423-973-8634
Property Description

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.

Property Features
  • Basement
    • Concrete
    • Sump Pump
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Radiant
  • Water Features
    • Public
  • House Interior
    • See Remarks
School Information
School Information for 2020 Center Street, Kingsport, TN 37664
Elementary School
Lincoln
Middle School
Sevier
High School
Dobyns Bennett
. Presented by: Matt Fleenor
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Tennessee Virginia Regional MLS. All Rights Reserved.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Tennessee Virginia Regional MLS.
EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
Office
423 806 0400
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