Sullivan County Listings

$150,000
5 Beds 3 Baths 9962209 MLS ACTIVE Status
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 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. With one unit currently rented at $715/month, enjoy immediate income potential as you plan your renovation. 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.

601 Fairview Avenue, Kingsport

$150,000
9962207 MLS ACTIVE Status
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. Currently, one unit is rented at $715/month, providing immediate income potential. 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 three electric meter bases and 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. With utilities independently set up for each unit, the new owner is well-positioned to maximize the property's value. 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.

601 Fairview Avenue, Kingsport

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