101-111 Raintree Ln

Kingston, TN 37763

$1,500,000
Last Sold Price
—
Beds
—
Baths
14,560 Sq. Ft.
$103 / Sq. Ft.
14,560
Sq. Ft.
$103
per Sq. Ft.
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Closed 3/30/22
Closed 3/30/22
IMG_9541
IMG_9542
IMG_9543
IMG_9544
IMG_9545
IMG_9548
Renovated Kitchen
Kitchen Rear Entry
Renovated Bathroom
Utility Closet
Fresh Flooring, Paint Thru Out
Fresh Flooring, Paint Bedroom

Description

Incredible value add opportunity! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES.
16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted....Incredible value add opportunity! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES.
16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted. 4 units are vacant and available for a new owner to complete their upgrades. Upon remodel completions, redone units are now renting for $850-$900.
  1. Listed by Investment Specialist, Solange Velas • Goldman Partners Realty, LLC

Amenities

  • Air Conditioning
  • Dishwasher
  • Eat-in Kitchen
  • Parking Included
  • Private Outdoor Space
  • Washer / Dryer in Unit
LISTING UPDATED: 03/30/2022 06:38 PM

Property Details for 101-111 Raintree Lane

StatusClosed
MLS #1176352
Days on Market5
Taxes$12,084 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1982
Lot Size0.96 AC / 41,817 SF
CountyRoane County
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Location

Listing Courtesy of Goldman Partners Realty, LLC, Investment Specialist, Solange Velas

Sold By Goldman Partners Realty, LLC, Investment Specialist, Solange Velas (865.368.2787)

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Building Information for 101-111 Raintree Lane

Stories-Residences16Year Built1982Building Size-Lot Size0.96 AC / 41,817 SF

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$8,560 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,553

Property Taxes

$1,007

HOA Dues

$0

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Property Information for 101-111 Raintree Lane

Summary
Location and General Information
  • City: Kingston
  • County Or Parish: Roane County - 31
  • Directions: Take I-40. Exit 355. Left onto Lawnville, left onto Ladd Wright, right onto Kingston Hwy, left onto Bailey, right onto Paint Rock, left onto Woodlawn, left onto Willowbrook. Properties on the right starting at corner of Raintree & Willowbrook.
  • Latitude: 35.856716
  • Longitude: -84.506649
  • MLS Area Major: Roane County - 31
  • MLS Area Minor: Roane County - 31
  • Postal Code: 37763
  • State Or Province: TN
  • Location Tax Legal Info Area: Roane County - 31
  • Remarks Misc Directions: Take I-40. Exit 355. Left onto Lawnville, left onto Ladd Wright, right onto Kingston Hwy, left onto Bailey, right onto Paint Rock, left onto Woodlawn, left onto Willowbrook. Properties on the right starting at corner of Raintree & Willowbrook.
Parking
  • General Property Description Driveway: Paved
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 058N H 024.00 000
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 12084.0
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 41800.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 41800.0
  • Year Built: 1982
  • Building Area Total: 14560.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.96
  • Lot Size Dimensions: 300x138xirreg
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 300x138xirreg
  • General Property Description Lot Size SqFt: 41800.0
Property and Assessments
  • Possession: At Closing
  • Sign On Property: No
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 0.0
  • Fuel Electric: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio, Balcony
  • Construction Materials: Brick
  • Siding Brick: True
  • Exterior Features Balcony: True
  • Exterior Features Patio: True
Interior Features
  • Bathrooms Total Integer: 0
  • Kitchen Appliances: Self Cleaning Oven, Dishwasher, Refrigerator
  • Flooring: Vinyl, Carpet
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Vinyl: True
  • Heat Central: True
  • Appliances Dishwasher: True
  • Appliances Refrigerator: True
  • Appliances Self Cleaning Oven: True
  • Other Rooms Other: True
  • Roof Metal: True
  • Misc Features WasherDryer Connect: True
Multi Family
Income & Expenses Information
  • Gross Income: $131,340.00
  • Net Operating Income: $73,370.00
  • OperatingExpense: $44,720.00
Multi-Family Information
  • Number Of Units Total: 16
  • Type of Units 2 Bedroom Unit: True
  • Type of Units Garden: True
  • Income Expenses Gross Annual Income: 131340.0
  • Income Expenses Annual Oper Expenses: 44720.0
Unit 1
  • Unit 1 Unit Number: 16
  • Unit 1 Beds Total: 2
  • Unit 1 Rent: $600-900
  • Unit 1 Squarefeet: 900.0
  • Unit 1 Furnished: Unfurnished
Rental
Rent Information
  • General Property Description Number of Units Leased: 12.0
  • General Property Description Lease Information: 16-2BR+1BA
  • Tenant Expenses Heating: Central
  • Tenant Expenses Tenant Pays All Utilities: True

Property History for 101-111 Raintree Lane

DateEvent & SourcePriceAppreciation
Mar 30, 2022

Closed

KAARMLS #1176352

$1,500,000—
Dec 23, 2021

Contract - Not Showing

KAARMLS #1176352

—
Dec 18, 2021

Listed (Active)

KAARMLS #1176352

$1,440,000—
DateEvent & SourcePrice
03/30/2022

Closed

KAARMLS #1176352

$1,500,000
12/23/2021

Contract - Not Showing

KAARMLS #1176352

—
12/18/2021

Listed (Active)

KAARMLS #1176352

$1,440,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 101-111 Raintree Lane

This home is within Roane County School District.
Rating
School
Type
Grades
Distance
Midtown Elementary School
Public - PK to 5
Bowers Elementary School
Public - PK to 5
Midway Elementary School
Public - PK to 5
Kingston Elementary School
Public - PK to 5
Rating
School
Distance
Midtown Elementary School
PublicPK to 5

Bowers Elementary School
PublicPK to 5

Midway Elementary School
PublicPK to 5

Kingston Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goldman Partners Realty, LLC, Investment Specialist, Solange Velas

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 03/30/2022 06:38 PM