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423-968-7653
Multifamily (Multi-Family)

601 Holston Ave
Bristol, TN 37620

Traditional
FOR SALE
Price: $278,000  Price Per ft²: $inf  List Date: 2024-02-20  DOM:  58
City Tax: $740 County Tax: $896
Year Built: 1920 About homes built before 1978

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s)Lot Dimensions: 36 X 140Topography: Level, Sloped
Heating: Electric, RadiantCooling: Ceiling Fan(s), Window Unit(s)Water & Sewage: Public
Appliances: Dryer, Electric Range, Refrigerator, Washer

Description

Cash-flowing triplex in the heart of Bristol! Take advantage of this opportunity to invest in a renovated, well maintained property moments away from everything in Bristol. *Upstairs units A and B were renovated from the studs, including all new wiring within the last 2 years*Downstairs Unit C updated Summer 2023*Metal roof and replacement windows installed within the last 2 years*Brand new laundry room built on bottom level Spring 2023*New gravel parking area for off street parkingUnit A: current rent $650, lease ends Aug 2024Unit B: current rent $650, lease ends Mar 2024Unit C: current rent $850, lease ends Feb 2025This property is steps from Volunteer Pkwy, walking distance to Downtown Bristol, 2 miles to Bristol Casino, and 5 miles from Bristol hospital. Though it has been used as a long term rental, it could be used as mid-term or converted into short term rentals. Zoning is residential/commercial B3, allowing for multiple uses. Estimated DSCR% 1.26-1.43 based on all units renting at market rent. All information herein is deemed reliable but subject to buyer verification. Seller/Agent.

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: B3
School System
Anderson Elementary
Vance Middle
Tennessee High

Interior

Flooring: Hardwood, Tile, Vinyl Basement & Foundation: Partial  Other Features: Smoke Detector(s) 

Exterior

Porch, Patio, Decking Detail:  Porch, Rear Porch Roof: Metal Exterior Finish: Vinyl Siding 

Photos

Listing by Exp Realty Va
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