Kingsport, TN 37660,601 Fairview AVE
Kingsport, TN 37660,601 Fairview AVE
Kingsport, TN 37660,601 Fairview AVE
9
$130,000
$139,000
6.5%
Est.Price: ?

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3,104 SqFt

601 Fairview AVE Kingsport, TN 37660

Est. payment /mo
SOLD DATE : 04/25/2024

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Key Details

Sold Price $130,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,104 sqft

Price per Sqft $41

Subdivision West View Park

MLS Listing ID 9962207

Sold Date 04/25/24

Style See Remarks

HOA Y/N No

Originating Board Tennessee/Virginia Regional MLS

Year Built 1920

Lot Dimensions 90 x 155

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.

Location

State TN

County Sullivan

Community West View Park

Zoning R1C

Direction From Johnson City, I-26 take exit 1, turn right onto US-11W N/W Stone Drive, .1 Mile Turn right onto Fairview Ave, Property will be on the left. From Downtown Kingsport, Head NW on W Center St toward Clay St .9mi, Turn right onto W Sullivan St, and Continue straight onto Fairview Ave.

Rooms

Basement Concrete, Dirt Floor, Walk-Out Access

Ensuite Laundry Electric Dryer Hookup, Washer Hookup

Interior

Interior Features See Remarks

Laundry Location Electric Dryer Hookup,Washer Hookup

Heating Electric, Baseboard, Electric

Cooling Window Unit(s)

Flooring Carpet, Hardwood

Appliance See Remarks

Heat Source Electric, Baseboard

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature See Remarks

Garage Gravel, Parking Spaces, See Remarks

Roof Type Asphalt,Shingle

Porch Deck, Front Porch, Rear Porch, Side Porch, Wrap Around

Parking Type Gravel, Parking Spaces, See Remarks

Building

Lot Description See Remarks, Level

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style See Remarks

Structure Type See Remarks,Plaster,Other

New Construction No

Schools

Elementary Schools Jackson

Middle Schools Sevier

High Schools Dobyns Bennett

Others

Senior Community No

Tax ID 045e C 016.00

Acceptable Financing Cash, Conventional, Other, See Remarks

Listing Terms Cash, Conventional, Other, See Remarks

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Listed by Tito Micucci • eXp Realty, LLC
Bought with Dana Cress • Century 21 Legacy Col Hgts

GET MORE INFORMATION

Jessica Brooks

Agent | License ID: 369339

+1(423) 292-1196

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