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About This Home
This 8-bedroom, 4-bathroom single family at 127 Patrick Lane in Gray, TN is listed for $589,900 ($157 per sqft). Built in 1950, the home offers 3,750 sqft of living space on a N/A lot.
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 a
ttractions 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.
Key Features
- Built in 1950
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,155/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
127 Patrick Lane
Gray, TN 37615
Not In Subdivision
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom single family at 127 Patrick Lane is listed at $589,900 ($157/sqft). The estimated monthly payment is $2,556 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 2 stories. Interior Features: Remodeled.
This property is listed by Garrett Addington and can be reached at 4236461060 or Garrett@TheAddingtonAgency.com.






























































