skip
423-968-7653
Multifamily (Multi-Family)

506 6th St
Bristol, TN 37620

Traditional  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $430,000  Price Per ft²: $inf  List Date: 2022-09-02  DOM:  29
City Tax: $1,252 County Tax: $1,517Expenses Include: All Utilities, Electric, Gas, Lawn Maint, Property Insurance, Property Management, Repairs and Maint, Taxes
Year Built: 1920 About homes built before 1978

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s)Lot Dimensions: 59X113X58X113Topography: Level
Heating: CHW System, Natural GasCooling: Window Unit(s)Water & Sewage: Public
Appliances: Range, Refrigerator, See Remarks

Description

Bring your investors. Income producing multi family building in the heart of Bristol. Walking distance to town center, on bus route and opposite YMCA. Building made up of 6 x 1 bedroom, 1 bathroom updated apartments at 100% occupancy with long term tenants.New windows installed in 2022. Currently operating at 7% cap rate. Take advantage of low rental inventory and high demand.Commercial Bank appraisal has been completed. Full financials available with signed NDA.parcel id 021HA027.00 is included which sits to the rear of this property see tax record 6 Total units 2-6 rent for $700/month unit 1= $750 for. annual rent of 59,400. Owner pays for ATMOS gas, Electric water sewer and trash. Total square footage for the building is 3586. To see the layout see floor plan uploaded on the MLSThis building can be purchased together with adjacent vacant land and building at 518 6th st(see separate listing) to create a 14 apartment complex with land to extend.

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: COMMERCIAL
School System
Fairmont Elementary
Tennessee Middle Middle
Tennessee High

Interior

Rooms with Fireplaces: Ornamental  Flooring: Laminate, Tile, Vinyl Basement & Foundation: Dirt Floor  Other Features: Remodeled 

Exterior

Porch, Patio, Decking Detail:  Front Patio, Front Porch Roof: Metal Exterior Finish: Brick 

Photos

Photo #2: 506 6th Street Photo #3: 506 6th Street Photo #4: 506 6th Street Photo #5: 506 6th Street Photo #6: 506 6th Street Photo #7: 506 6th Street Photo #8: 506 6th Street Photo #9: 506 6th Street Photo #10: 506 6th Street Photo #11: 506 6th Street Photo #12: 506 6th Street Photo #13: 506 6th Street Photo #14: 506 6th Street Photo #15: 506 6th Street Photo #16: 506 6th Street Photo #17: 506 6th Street Photo #18: 506 6th Street Photo #19: 506 6th Street Photo #20: 506 6th Street Photo #21: 506 6th Street Photo #22: 506 6th Street Photo #23: 506 6th Street Photo #24: 506 6th Street Photo #25: 506 6th Street Photo #26: 506 6th Street Photo #27: 506 6th Street Photo #28: 506 6th Street Photo #29: 506 6th Street Photo #30: 506 6th Street Photo #31: 506 6th Street Photo #32: 506 6th Street
Listing by American Realty
back to top