7,864 SqFt
7,864 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 7,864 sqft
MLS Listing ID 9985789
HOA Y/N No
Total Fin. Sqft 7864
Year Built 1971
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 133x177
Source Tennessee/Virginia Regional MLS
Property Description
All units are currently 100% occupied by long-term tenants, providing stable cash flow with significant upside potential through future rent increases. The property is in an excellent location directly across from Eastman Headquarters, ensuring strong demand and long-term security.
That's not all—an additional 421 sq. ft. storage area provides extra income potential or utility space for tenants.
Each apartment comes with its own individual power meter, while city water, sewer, and schools make management simple. Tenants will also appreciate the ample on-site parking, a rare and valuable convenience for multi-family living.
Whether you're an experienced investor looking to expand your portfolio or just starting out in real estate investing, this property offers a solid opportunity with long-term rental demand.
Schedule your showing today and see why 420 Wheatley Street is the smart move for your investment future!
Location
State TN
County Sullivan
Area 0.57
Zoning R 4
Direction From Johnson City, take I-26 W toward Kingsport. Continue for approximately 20 miles, then take Exit 1 for Wilcox Drive toward TN-126/Center Street. Turn right onto Wilcox Drive, then continue straight. Turn left onto Wheatley Street. Property will be on the right.
Interior
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Equipment See Remarks
Heat Source Heat Pump
Exterior
Roof Type Shingle
Road Frontage See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 061g A 022.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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