$126,000 - $152,000
●
Property -
Off Market
601 Fairview Avenue
Kingsport, TN 37660
Studio
0 Bath
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.
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 |
Show More
Property Highlights
Air Conditioning
Interior Details
Interior Information
Deck
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
2
Baths
1,600 ft²
$75/ft²
$120,000
Nov 30, 2023
-
$35/mo
In Contract
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 |
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