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Sold for $551,000
  • $551,000

    116 Highland Ave, Church Hill, TN 37642

    4beds
    4baths
    2,304sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $239/sqft
    $2,165 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,165/mo

    Zestimate® history
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    What's special

    Multiple Offers. Please submit Best and Final by 5pm, Monday, July 10. Great Value Add Opportunity!! Brick 10-Plex in Church Hill provides a great value add opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building are all currently rented with a total gross income of $4860 per month. 6 have been remodeled. Roof was replaced in 2020. The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2 bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Strong BRRRR potential. Rear space is not in the owner's current financials and could generate an additional $1700 per month in income once remodeled. Separate Electric meters. Owner pays water and trash. Property Information taken from tax records and third party sources. Buyers agent to verify all information.

    Zillow last checked:

    Listing updated:

    Listed by:

    William Lokar 423-612-4400,

    Weichert Realtors Saxon Clark KPT

    Bought with:

    Dawn Shinault, 339074, 0225231966

    KW Kingsport

    Source: TVRMLS,MLS#: 9952525

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Electric Range, Refrigerator
    Features
    • Flooring: Vinyl, Carpet
    Interior area
    • Total structure area: 2,304
    • Total interior livable area: 2,304 sqft

    Property

    Parking
    • Parking features: Gravel
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.52 Acres
    • Dimensions: 150 x 150
    • Topography: Level
    Details
    • Parcel number: 044a B 026.00
    • Zoning: R-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Metal
    Condition
    • Average
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Not In Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Church Hill

    Financial & listing details

    • Price per square foot: $239/sqft
    • Tax assessed value: $315,300
    • Annual tax amount: $4,496
    • Date on market: 6/2/2023

    Price history

    DateEventPrice
    9/18/2023Sold$551,000-1.6%$239/sqft
    Source: TVRMLS #9952525 Report a problem
    6/28/2023Price change$560,000-6.7%$243/sqft
    Source: TVRMLS #9952525 Report a problem
    6/2/2023Listed for sale$600,000$260/sqft
    Source: TVRMLS #9952525 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,496 $126,120
    2024$4,496 +20%$126,120 +10.6%
    2023$3,748 +0.2%$114,040
    2022$3,740 $114,040
    2021-- $114,040 +10.8%
    2020$3,743 $102,960
    2019$3,743 $102,960
    2018$3,743 +7.8%$102,960 +7.8%
    2017$3,473 $95,520
    2016$3,473 +1.9%$95,520
    2015$3,409 +8.4%$95,520 +8.4%
    2014$3,143 +3.5%$88,080 +0%
    2013$3,037 0%$88,060
    2012$3,038 +0%$88,060
    2011$3,037 $88,060
    2010-- $88,060 +3.1%
    2009$3,035 +2.7%$85,383
    2008$2,954 $85,383
    2007$2,954 +7.8%$85,383
    2006$2,741 -12.8%$85,383
    2005$3,142 +16.7%$85,383 +11.9%
    2004$2,693 +3.5%$76,278
    2002$2,601 $76,278
    2001-- $76,278 -60%
    2000-- $190,694
    Find assessor info on the county website

    Neighborhood: 37642

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Church Hill
    • Middle: Church Hill
    • High: Volunteer

    Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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