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127 Patrick Lane, Gray, TN 37615

$589,900
  • 127 Patrick Lane, Gray, TN 37615 Main Photo

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Active Under Contract
BEDS8 BATHS4 full SQUARE FEET3,750 MLS#9990235
STATUSActive Under Contract PROPERTY TYPEResidential - Single Family SUBDIVISIONNot In Subdivision NEIGHBORHOOD307 - Gray-Boones Creek

Property Description

REDUCED!! Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one--location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout.Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more--making this a low-maintenance, plug-and-play investment.Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset.Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space--all contributing to strong tenant appeal.Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often--priced to sell at $589K. Don't miss your chance--call today!Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

127 Patrick Lane | MLS# 9990235

This single family home located at 127 Patrick Lane, Gray, TN 37615 is currently listed for sale with an asking price of $589,900. This property was built in 1950 and has 8 bedrooms and 4 full baths with 3750 sq. ft. Patrick Lane is located in the Not In Subdivision subdivision. Search Not In Subdivision real estate on sarahharvey.crye-leike.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Walk-Out Access
Cooling: Heat Pump
Heating: Heat Pump
Home Style: Other, See Remarks
Lot Size: IRR
Roof Type: Shingle
Stories: 2.0
Year Built: 1950

Feature Descriptions

Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Days on Site: 106
Exterior: Brick
Flooring: Luxury Vinyl
Interior: Remodeled
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: IRR
Parcel Id: 005j E 024.00
Rooms Total: 24
Sewer: Public Sewer
Topography: Level, Rolling Slope
Water: Public
Zoning: Residential

Local Schools

High School: Daniel Boone
Middle School: Gray
Elementary School: Gray

Listed By / Shown By

Listed By

Agency Name: The Addington Agency Bristol
Agency Phone: 423-845-5800

Shown By

Agent Name: Sarah Harvey
Agent Phone: Cell: (423) 676-0393
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Tennesse Virginia MLS

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Estimated Payment

$ 1,484.92 per month $1,312.86 Principal & Interest $0.00 Property Tax (data not provided by mls) $172.05 Homeowner's Insurance

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