See Home Value
Kingsport 37660
601 Fairview Avenue
$126,000 - $152,000
Property - Off Market

601 Fairview Avenue

Kingsport, TN 37660
bedrooms
Studio
bathrooms
0 Bath
square feet
3104 Sqft

About This Property

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.

The manager has listed the unit size as 3104 square feet.
Unit Size
3,104Ft²
Days on Market
-
Land Size
-
Price per sqft
$45
Property Type
Property
Property Taxes
$75
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Apr 27, 2024 No longer available -
No longer available
Apr 14, 2024 In contract -
In contract
Mar 31, 2024 Price Decreased $139,000
↓ $11K (7.3%)
Price Decreased
Feb 24, 2024 No longer available -
No longer available
Feb 21, 2024 Listed $150,000
Listed
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Property Highlights

Air Conditioning
Interior Details

Interior Information

Deck


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,600 ft²
$75/ft²
$120,000 Nov 30, 2023
-
$35/mo
House
2 Beds
2 Baths
1,136 ft²
$132/ft²
$149,500 Mar 15, 2024
-
$337/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

601 Fairview Avenue 601 Fairview Avenue, Kingsport, TN 37660
More about this Building
601 Fairview Avenue
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About Kingsport


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Nearby Rentals

Unit for rent at 209 Tennessee Street, Kingsport, TN, 37664

$1,300 /mo

  • 2 Beds
  • 1 Bath
209 Tennessee Street #209 Tennessee Street, Kingsport, TN, 37664 Listing by Manager


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