407 North Fourth St Kingston, TN 37763

Listing details for 407 North Fourth St, Kingston, TN 37763 : Located in the heart of downtown Kingston, this 16 unit building has been carefully maintained by its long time owner. The 16 units are made up of 8 one bedroom one bath floorplan and 8 two bedroom units 1.5 bath floorplan. These have a long track record of being 100% leased with a waiting list and are currently leased for $895/mth for 2BR and $695/mth for 1BR. 2 bedroom units have recent rebuilt expansive decks across the back of the building for outdoor enjoyment. All units are offered unfurnished with nice appliance packages. On-site laundry available if tenant chooses not to provide their own washer/dryer. All leases along with full year financials for 2022 and year to date 2023 are available upon request for qualified buyers. Current asking price is at 7 cap rate based on 2022 income/expenses. Great opportunity to get into the rental property mkt with a well maintained & successful property.