1220 Morningside Circle Kingsport, TN $ 349,000
1220 Morningside Circle
$ 349,000
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1220 Morningside Circle

Kingsport, TN, 37664
$ 349,000
Baths0.0 Sq 2,850

Monthly Estimate*

$ 2,438

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Studio

Pending for sale in Kingsport, TN

for $349,000. This 2,850 square foot home was built in 1940 on a lot size of 0.23.

Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More... Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr

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Pending Pending

Price

$ 349,000

Bedrooms

Studio

Property Type

Pending

Taxes

$ 1,420

Style

Traditional

Lot Size

0.23

Year Built

1940

Town/City

Kingsport

County/Region

Sullivan

MLS | Web ID

9963832

Features
General
Interior Features Eat-in Kitchen Garden Tub Laminate Counters See Remarks
Sewer Public Sewer
Heating See Remarks Other Central
Cooling Central Air Zoned
Roof Metal
Appliances Dryer Electric Range Microwave Refrigerator Washer See Remarks
Exterior Features Balcony See Remarks
Zoning residential
Patio/Porch Features Deck Porch
Architectural Style Traditional See Remarks
Construction Materials Vinyl Siding Plaster
Year Built 1940
Property SubType Multi-Family
Gross Income 57600.0
County Sullivan
Net Operating Income 49558.0
New Construction N
Property Type Multi-Family
Attached Garage N
Garage Y/N N
Status Active Under Contract
Directions Off Center Street onto Summer to Morningside
High School Dobyns Bennett
City Kingsport
View Y/N N
Lot Size Square Feet 10018.8
Carport Y/N N
Street Name Morningside
Elementary School Lincoln
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Middle/Junior High School Sevier
Property Condition Above Average Updated/Remodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Standard Status Pending
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Interior
Flooring Tile Luxury Vinyl Hardwood
Total Fireplaces 1
Fireplace Features See Remarks
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Double Pane Windows
Fireplace Y/N Y
Street Suffix Circle
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Full Privacy
Parking Features Driveway
Lot Features See Remarks
Water Source Public
Lot Size Area 0.23
Foundation Details Block
Number of Buildings 1
Spa N
Building Area Total 2850.0
Lot Dimensions 53.9 X 150 IRR
Lot Size Acres 0.23
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1220
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* Excluded Features
List By
Genice Hooper-Sloan

Listing Agent

Exp Realty, Llc

Broker

genice@genicesloan.com

Email

Affordability Calculator

$2,556
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,438
Monthly Property Taxes
$118
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
857058 Elementary School
856990 Middle School
Dobyns Bennett High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2024$349,000 Listed Price

Map


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1220 Morningside Circle, Kingsport, TN, 37664 is a Pending for sale at $349,000 with 2,850 sqft and a lot size of 0.23. 1220 Morningside Circle is a studio with 0.0 baths and was built in 1940. The property's zip code is 37664 which is in Kingsport, TN