Multifamily (Multi-Family)

1211 Broad St
Bristol, TN 37620

Map & Directions

2 Story, See Remarks Stories: 2

FOR SALE

Price: $194,000 Price Per ft²: $81.04 List Date: 2022-05-04 DOM: 19
City Tax: $624 County Tax: $757

Year Built: 1900 About homes built before 1978

Total Area: 2,394 ft² (Finished & Unfinished)

Lot Size: 0.23 acre(s) Lot Dimensions: 50 x 202.25 Topography: Rolling Slope, Sloped

Heating: Floor Furnace, Oil Cooling: None Water & Sewage: Public

Appliances: Range, Refrigerator

Description

Attention Investors! Don't miss out on this opportunity to own a 2394 square foot, three apartment home in downtown Bristol, TN. Selling AS IS, for CASH OR CONVENTIONAL buyer. Built in 1900 this triplex is complete with one-studio unit (apt 1 on left) and a two bedroom unit (apt 2 on right) on the first floor. The third unit (up stairs) has two or three bedrooms, depending on use (all have closets and windows). Each unit has a private entrance from the interior of the home. All units are spacious and are equipped with a refrigerator and stove for the tenants. The first floor units are currently leased. The second floor has been partially remodeled, and is not complete. Electrical for apt 3has been completed by seller and inspected. The kitchen cabinets, windows , refrigerator, stove, bathroom sink, subfloor and laminate floor are on site, but not installed. All are included in the sale price. The Landlord currently pays electric for 2 of the 3 units. Landlord pays for water and the oil for the furnace that heats the homes. No washer/dryer hookups nor central A/C units. New owner will also pay for the pest control and maintaining the lawn. Rent for all three units ranges from $650- $750 per month per unit. The return has been net 10.6% when fully rented. This unpolished home will love your TLC or continue to rent as is, and update as you desire. Tenants require 24 hour notice to see home. Please knock before entering as two tenants are home in daytime. Current tenants are smokers, for those who need advance notice before entering. Keys in Supra box, Appointments by Showingtime. Home is being sold AS IS. Buyer/Buyers agent to verify all information.