601 Fairview Avenue
Kingsport,
TN
37660
Property Details
List Price: |
$150,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
3104 |
Agency: |
eXp Realty LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1920 |
Notes: |
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. |
MlsNumber: |
9962207 |
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Listing Provided By: |
eXp Realty LLC, original listing |
Name: |
eXp Realty LLC |
Phone: |
(888) 519-5113 |
Office Name: |
eXp Realty, LLC |
Office Phone: |
(888) 519-5113 |
Agent Name: |
Tito Micucci |
Disclaimer: |
Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |