LOW MAINTENANCE INCOME PRODUCING MULTI-FAMILY COMPLEX. 13 Total units. The main/upper level consists of 9 Townhouse style 2bed/1.5 bath units. The lower 4 units have separate driveway entrance and consist of one level 2 bed/1 bath units. Each unit has own laundry hook-ups. Currently 7 Units rent at $850/month, 3 at $800/month, and one at $1100/month. The other two are vacant while having appliances upgraded in between tenants and they will each rent for $1100/month. So fully rented, that is $11,650/month or $139,800/year!! Seven of the rented units have had same tenant for at least 4 years! Great location in Church Hill, close to grocery stores and only 15 min to Kingsport. Units are all metered separate. City Utilities-Gas, Water, Electric, Sewer. In recent years, windows have been replaced, new blacktop in upper parking area, half of HVACs have been replaced. New appliances added to 4-5 units as needed. There is a storage garage on sight for management to store tools, etc, plus all the plumbing is accessible by an enclosed breezeway that spans the entire length of the building. This is a quality turnkey property!!
Church Hill is located in Tennessee. Church Hill, Tennessee has a population of 6,973. Church Hill is less family-centric than the surrounding county with 16.94% of the households containing married families with children. The county average for households married with children is 23.8%.
The median household income in Church Hill, Tennessee is $66,652. The median household income for the surrounding county is $49,101 compared to the national median of $69,021. The median age of people living in Church Hill is 48.9 years.
The average high temperature in July is 86.2 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 43 inches per year, with 9.5 inches of snow per year.
