701 E Sevier Ave
Kingsport, TN 37660
- 5 beds
- 3 baths
- 2,980 sqft
- 11,761 sqft lot
- $50 per sqft
- 1942 build
- – on site
Attention investors who are looking for cash flow & instant equity—this is the opportunity you've been waiting for! This unique property includes two structures, 701 & 705, offering multiple income streams and endless possibilities. 701 is 4 beds, 2 baths and 2,480 sqft and 705 is 1 bed, 1 bath and 500 sqft 705 is a 1 bed, 1 bath, 500 sq. ft. apartment, currently rented at $600/month. It sits atop a garage with the potential to convert into another studio apartment, increasing your cash flow. 701 was previously a duplex and is currently configured as a single-family home with 4 bedrooms and 2 full baths. With 3 separate electric meters—one for each level of 701 and one for 705—the conversion back to a duplex is seamless. Note: there is one shared water meter for the entire property. While 701 has sustained fire damage affecting about 25-30% of the home, the kitchen, dining, and living rooms on the lower level were untouched. Where the fire occurred, there are some small portions of the home that need re-framed. As well as the upstairs likely needing new drywall from smoke damage (unless you wanted to run an Ozone machine, Kilz it and repaint to save costs). This property was appraised at $355k in January 2023, and prior to the fire, 701 was rented at $1200/month post-renovation. Don't miss this chance to restore, renovate, and reap the rewards. Sold as-is, buyer to perform all due diligence and verify all information. Ideal for the investor looking to add value and create a multi-unit rental property. Grab this opportunity before it's gone!
Listing courtesy of KAARMLS / Flynn Realty
Last checked:
Checking…
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Last updated Oct 28, 2024
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MLS# 1280188 —
The Building
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Year Built:1942
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New Construction:No
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Construction Materials:Block, Frame
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Architectural Style:Other
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:Crawl Space
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Exterior Features:Fence - Privacy, Porch - Covered, Cable Available (TV Only), Balcony
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Patio & Porch Features:None
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Accessibility Features:None
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Building Area Total:2980.0
Interior
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Interior Features:Walk-In Closet(s)
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Flooring:Hardwood
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Fireplace:No
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Fireplaces Total:1
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Fireplace Features:Other, Brick, Wood Burning
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Location
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Directions:Starting from Interstate 26 (I-26), merge onto I-26 West towards Kingsport. Take exit 1 for Stone Drive (US-11W) toward Kingsport. At the end of the ramp, use the right lane to merge onto US-11W North (West Stone Drive), heading into Kingsport. Continue on Stone Drive for approximately 2.5 miles, then turn right at the traffic light onto East Center Street. Stay on East Center Street for about 1 mile before tPurblniciRnegmalreksft onto East Sevier Avenue, a small residential street. Drive for about 0.2 miles, and you will reach your destination at 701 E Sevier Ave, Kingsport, TN 37660.
The Property
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Parcel Number:046O C 035.00
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Property Type:Single Family
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Property Subtype:Residential
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Lot Features:Private, Corner Lot, Level
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Lot Size Area:0.27
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Lot Size Acres:0.27
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Lot Size SqFt:11761.2
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Lot Size Units:Acres
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Lot Size Source:Tax Records
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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Fencing:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:None
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Property Attached:false
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Other Structures:Guest House
Listing Agent
- Contact info:
- Office phone:
- (615) 364-0948
Taxes
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Tax Annual Amount:None
Beds
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Bedrooms Total:5
Baths
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Total Baths:3.0
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Total Baths:3
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Three Quarter Baths:None
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Full Baths:3
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Central, Heat Pump, Electric
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Heating:true
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Cooling:Central Cooling, Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:None
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Electric:None
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Microwave
Schools
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Elementary School:None
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Elementary School District:None
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Middle Or Jr High School District:None
The Community
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Subdivision Name:Kingsport Improvement Corp
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Senior Community:No
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Pool Private:No
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Pool Features:None
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Spa Features:None
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View:Other
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Pets Allowed:None
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Association:No
Parking
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Attached Garage:false
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Parking Features:Designated Parking, Side/Rear Entry, Main Level, Off-Street Parking
Monthly cost estimate
Asking price
$149,900
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$802
|
Taxes | N/A |
Insurance | $41 |
Utilities | $218 See report |
Total | $1,061/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/22/24
Oct 22, 2024
|
Listed / Active | KAARMLS | $149,900 |