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601 Fairview Avenue

Kingsport, TN 37660
  • $139,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 9962207
$139,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:

Description

ATTENTION INVESTORS: This converted triplex is a prime investment opportunity for savvy investors. The property boasts three units: a 3-bedroom, 1-bathroom unit and two 2-bedroom, 1-bathroom units, totaling 3,104 sq ft of living space on a level, corner lot of 13,950 sq ft. With easy access to the interstate, local dining, and shops, this property is conveniently situated within the Dobyns-Bennett school district and just two blocks from the bus line. Previously, Unit 2 was rented at $715/month, and Unit 3 was rented at $850/month. After renovation, the estimated total monthly income is projected to be between $3,100-$3,600, making it a lucrative investment opportunity. The property features all separate utilities: three electric meter bases, three natural gas connections, and three water meters for each unit, simplifying utility management and billing for tenants. Recent upgrades include a new main drain line to the city sewer, enhancing the functionality of the property. The first unit has also undergone extensive demolition, offering a blank canvas for further renovation or conversion into a single-family residence. Don't miss the chance to add this promising investment property to your portfolio in the thriving Kingsport real estate market. Schedule a showing today and discover the potential of 601 Fairview Ave. Information compiled from multiple sources and deemed reliable, but not guaranteed; buyer and/or buyer's agent should verify all details.

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© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-04-04T00:00:00.233.
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601 Fairview Avenue Kingsport, TN 37660

  • Price: $139,000
  • Status: Active
  • On Site: 55 Days
  • MLS #: 9962207
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1920
Built
Neighborhood:
West View Park
County:
Sullivan
Elementary School:
Jackson
Middle School:
Sevier
High School:
Dobyns Bennett
Property Description
ATTENTION INVESTORS: This converted triplex is a prime investment opportunity for savvy investors. The property boasts three units: a 3-bedroom, 1-bathroom unit and two 2-bedroom, 1-bathroom units, totaling 3,104 sq ft of living space on a level, corner lot of 13,950 sq ft. With easy access to the interstate, local dining, and shops, this property is conveniently situated within the Dobyns-Bennett school district and just two blocks from the bus line. Previously, Unit 2 was rented at $715/month, and Unit 3 was rented at $850/month. After renovation, the estimated total monthly income is projected to be between $3,100-$3,600, making it a lucrative investment opportunity. The property features all separate utilities: three electric meter bases, three natural gas connections, and three water meters for each unit, simplifying utility management and billing for tenants. Recent upgrades include a new main drain line to the city sewer, enhancing the functionality of the property. The first unit has also undergone extensive demolition, offering a blank canvas for further renovation or conversion into a single-family residence. Don't miss the chance to add this promising investment property to your portfolio in the thriving Kingsport real estate market. Schedule a showing today and discover the potential of 601 Fairview Ave. Information compiled from multiple sources and deemed reliable, but not guaranteed; buyer and/or buyer's agent should verify all details.
Exterior Features

Architectural Style See Remarks Attached Garage YN No Construction Materials See RemarksPlasterOther Exterior Features See Remarks Parking Features GravelParking SpacesSee Remarks Patio And Porch Features DeckFront PorchRear PorchSide PorchWrap Around Roof AsphaltShingle

Interior Features

Appliances See Remarks Basement ConcreteDirt FloorWalk-Out Access Building Area Total 3104 Cooling Window Unit(s) Flooring CarpetHardwood Heating ElectricBaseboard Heating YN Yes Interior Features See Remarks Laundry Features Electric Dryer HookupWasher Hookup Levels Two

Property Features

Construction Site Built Yes Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Documents Available [] Listing Terms CashConventionalOtherSee Remarks New Construction YN No Property Condition FixerUnder Construction Property Sub Type Multi-Family Sewer Public Sewer Water Source Public Zoning R1C

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Tito Micucci of eXp Realty, LLC: 888-519-5113.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-04-04T00:00:00.233.
 
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Bridge Pointe Real Estate
504 E Jackson Blvd
Jonesborough TN, 37659