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127 Patrick Lane, Gray, TN 37615

Gray
Local realty services provided by:CENTURY 21 Legacy
127 Patrick Lane,Gray, TN 37615
$589,900
  • 8 Beds
  • 4 Baths
  • 3,750 sq. ft.
  • Single family
  • Active
Listed by: garrett addington
Office: the addington agency bristol
MLS#:9990235
Source:TNVA_MLS

Price summary

  • Price:$589,900
  • Price per sq. ft.:$157.31

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:9990235
  • Added:54 day(s) ago
  • Updated:March 06, 2026 at 07:00 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:24
  • Flooring:Luxury Vinyl
  • Kitchen Description:Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement Description:Finished, Walk-Out Access
  • Living area:3,750 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1950
  • Building area:3,750 sq. ft.
  • Construction Materials:Brick
  • Exterior Features:Deck, Patio

Schools

  • High school:Daniel Boone
  • Middle school:Gray
  • Elementary school:Gray

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$589,900
  • Price per sq. ft.:$157.31

Features and amenities

  • Appliances:Dishwasher, Electric Range, Microwave, Refrigerator
  • Laundry features:Electric Dryer Hookup, Washer Hookup
  • Amenities:Remodeled

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