Multifamily (Multi-Family)

601 Holston Ave, Bristol, TN 37620

Map & Directions

Traditional

FOR SALE

Price: $277,000 Price Per ft²: $inf List Date: 2024-02-20 DOM: 74
City Tax: $740 County Tax: $896

Year Built: 1920 pre-1978 Homes

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s) Lot Dimensions: 36 X 140 Topography: Level, Sloped

Heating: Electric, Radiant Cooling: 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