Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Multi-Family

MLS Number: 9962207

Lot Acreage: 0.00000

Living Area: 0

Year Built:1920

Elementary School: Jackson

Middle School: Sevier

High School: Dobyns Bennett

Public Remarks: 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.

Listing Courtesy:eXp Realty, LLC

More Listing Info:

AC:Window Unit(s): true

Appliances:See Remarks5: true

Basement:Concrete3: true

Basement:Dirt Floor: true

Basement:Walk-Out Access: true

Construction:Site Built2: true

Contract Info:Foreclosure: No

Easements:See Remarks18: true

Exterior Features:See Remarks23: true

Exterior Finish:See Remarks3: true

Flooring:Carpet: true

Flooring:Hardwood: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 3.0

General Property Description:Acres: 0.0

General Property Description:Elementary School3: Jackson

General Property Description:High School3: Dobyns Bennett

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 90 x 155

General Property Description:Middle School2: Sevier

General Property Description:Stories2: 2

General Property Description:Total Units: 3

General Property Description:Zoning2: R1C

Heating:Baseboard: true

Heating:Electric: true

Interior Features:See Remarks4: true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:Two: true

Location Tax Legal Info:Block: 6

Location Tax Legal Info:City Taxes: 899.24

Location Tax Legal Info:County Taxes: 1082.79

Location Tax Legal Info:Deed Book #: 3590

Location Tax Legal Info:Deed Page #: 1014

Location Tax Legal Info:Lot #: PT 1

Parking Features:Gravel: true

Parking Features:Parking Spaces: true

Parking Features:See Remarks22: true

PorchPatioDeck:Deck: true

PorchPatioDeck:Front Porch: true

PorchPatioDeck:Rear Porch: true

PorchPatioDeck:Side Porch: true

PorchPatioDeck:Wrap Around: true

Property Condition:Fixer: true

Property Condition:Under Construction: true

Remarks Misc:Directions3: 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.

Remarks Misc:Public Remarks2: 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.

Roof:Asphalt: true

Roof:Shingle: true

Sewer:Public Sewer: true

Style:See Remarks2: true

TopographyLot Description:Level2: true

TopographyLot Description:See Remarks: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 3

Unit 1:# Units: 1

Unit 1:SqFt6: 1694

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 2

Unit 2:Monthly Rent2: 715

Unit 2:SqFt5: 705

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 2

Unit 3:SqFt2: 705

Walls:Drywall: true

Walls:Other24: true

Walls:Plaster: true

Walls:See Remarks14: true

Walls:UnfinishedFramed: true

Water:Public: true