Courtesy of: Tito Micucci, eXp Realty, LLC, tito.micucci@exprealty.com
Courtesy of: Tito Micucci, eXp Realty, LLC, tito.micucci@exprealty.com
$139,000
|
Multi Family
|
$139,000
601 Fairview Avenue 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.
Courtesy of: Tito Micucci, eXp Realty, LLC, tito.micucci@exprealty.com
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