714 Mapleoak Ln, Kingsport, TN 37660
- $360,000
- 2,240
- SqFt
- List Price
- $360,000
- Status
- ACTIVE
- Days on Market
- 79
- MLS#
- 3210902
- Subtype
- Residential Income
- Year Built
- 1933
- Living Area
- 2,240
- Subdivision
- No
Property Description
714 Maple Oak Lane is a fully occupied, turnkey quadplex in Kingsport, Tennessee. The property delivers immediate cash flow from four individually metered units across 2,240 square feet, with many of the major capital improvements already completed. A new sewer and water line installed in 2025 eliminates one of the most significant deferred maintenance risks common in properties of this era, making this an exceptionally clean acquisition for a 1031 exchange buyer seeking a stabilized asset. Three of four units are currently rented below the Rentometer market average of $1,100/month, representing $10,200 in annual rent upside as leases turn — without any additional capital investment. Key features: New sewer & water line (2025), One fully furnished unit, Off-street parking, Separately metered utilities,100% occupied at close, Section 8 tenant (guaranteed income). $10,200 annual rent upside at market $83,475
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Additional Information
- Zoning
- R4
- Exterior Construction
- Vinyl Siding
- Stories
- 2
- Parking Features
- Parking Lot
- Elementary School
- Andrew Johnson Elementary School
- Middle School
- Ross N. Robinson Middle School
- High School
- Dobyns - Bennett High School
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Listing courtesy of MRG Realty Partners.
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