$150,000
Uncover a unique opportunity to create your dream home or a profitable investment with this property. Offering 3,104 sq ft of versatile living space on a generous 13,950 sq ft level corner lot, this converted triplex is ideally situated. Located within the highly desirable Dobyns-Bennett school district, its prime location boasts convenience to downtown's vibrant offerings and effortless access to Interstate I-26, combining convenience and opportunities for personalization.
Presently, the layout includes a 3-bedroom, 1-bathroom unit alongside two 2-bedroom, 1-bathroom units, serving as an exceptional canvas for transformation. The prospective conversion could unveil a spacious residence boasting 5 to 7 bedrooms, an office, and 3 bathrooms, meticulously tailored to meet your lifestyle needs and preferences.
One of the property's distinct advantages lies in its electrical setup, offering the flexibility to install new systems downstairs tailored for modern living while utilizing power from another unit during renovations. This not only ensures a smoother renovation process but also allows for innovative utility management across distinct zones in your newly expansive home.
Key enhancements such as a new main drain line to the city sewer and three electric meter bases, natural gas and water meters underline the property's readiness for transformation. The extensive demolition in one unit further simplifies the initial stages of renovation, providing a blank canvas to bring your vision to life.
Post-renovation, the estimated total monthly income exceeds $3000, affirming the property's financial appeal whether maintained as an investment or transformed into a single-family haven.
Embrace the opportunity to customize and maximize the value of this property, positioned for both immediate income and future prosperity in the Kingsport real estate market
5
Beds
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3
Baths
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9962209
MLS
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ACTIVE
Status
601 Fairview Avenue, Kingsport