2 months on rocket

300 E Sullivan St, Kingsport, TN, 37660

$900,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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300 E Sullivan St, Kingsport$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1920
HeatingHeat Pump
CoolingHeat Pump
MLS #9972460
Lot Size0.07 Acres
StatusActive

About 300 E Sullivan St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1920

Listing Office:

  • Office Name: Century 21 Legacy Col Hgts
  • Office Phone: (423) 239-6112
  • Listing Agent: Lisa Scott

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: E Center St to North on Cherokee St, property on corner of Cherokee and E Sullivan

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000

Tax Information:

  • Annual Amount: $953
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Kingsport, TN.

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Kingsport, TN

City

Med. Sold Price

$261.6K

Med. Price/SqFt

$156

Avg. Days On Market

70

# of Sold Homes

105

300 E Sullivan St vs Kingsport

60 DAYS ON ROCKET

-10 Days

$900,000

+$638.3K More

KEY TAKEAWAY

This property is $638.3K more than the Median Sold Price in Kingsport, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9972460

Listing Office:

  • Office Name: Century 21 Legacy Col Hgts
  • Office Phone: (423) 239-6112
  • Listing Agent: Lisa Scott

The data relating to real estate for sale on this web site 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 this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$953$40,320
2019$1,678$37,080
2018$1,678$37,080
2017$1,409$37,080

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4460856
4
/10

  • Andrew Jackson Elementary School

  • 600 Jackson St

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-4460857
7
/10

  • Theodore Roosevelt Elementary School

  • 1051 Lake St

  • 1.21 miles

  • Public District Grades KG-5

school-card-donut-4460858
7
/10

  • Abraham Lincoln Elementary School

  • 1000 Summer St

  • 1.39 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,090. Most Kingsport, TN residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Kingsport, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Kingsport, TN?

Kingsport offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in the area range from traditional to contemporary, with a noticeable presence of craftsman designs. The housing market is characterized by a mix of older homes with rich histories and newer constructions that cater to modern living preferences. The homeownership rate in Kingsport is robust, reflecting a community invested in long-term residency and stability.

Is Kingsport, TN a good place to live?

Kingsport is celebrated for its serene atmosphere and strong sense of community. The city prides itself on its vibrant cultural scene, including local festivals and events that highlight the area's heritage and communal spirit. Residents enjoy a variety of outdoor activities thanks to the well-maintained parks and nearby natural attractions, fostering a lifestyle that balances urban conveniences with an appreciation for the outdoors.

Are things conveniently located in Kingsport, TN?

The community is served by a network of public schools, offering educational opportunities from elementary to high school levels, as well as several private institutions that cater to diverse learning needs. Healthcare services in Kingsport are comprehensive, with facilities providing a range of care including urgent and primary care. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with an assortment of shops and eateries that showcase the region's flavors and crafts.

What does the transportation in Kingsport, TN look like?

Transportation in Kingsport includes a variety of options for residents and visitors. The city's roadways connect seamlessly to major highways, facilitating travel and commuting. Public transit services are available, providing connections across the city and to key destinations. The community's layout encourages walkability in several areas, and there are designated paths that enhance the experience for cyclists. While ride-sharing services are operational, the city also supports initiatives to improve transport efficiency and accessibility for all.

Rocket Homes›Tennessee›Sullivan County›Kingsport›37660›300 E Sullivan St

This home is located at 300 E Sullivan St in Kingsport, TN and zip code 37660. This home, which was built in 1920, sits on a 0.07 acre lot. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $900,000.

In November 2024, from all listings sold in Kingsport, TN there were more than 22 sold above asking price, over 61 sold below and more than 22 were sold right at the asked price. The number of listings in Kingsport, TN decreased by 0.2% between October 2024 and November 2024. Listings spent 70 days on the market in November 2024, and had a median list price of $261,666 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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