Multifamily (Multi Family)

503 Georgia Ave, Bristol, TN 37620

This two-story brick triplex known as Georgia Terrace is located at 503 Georgia Avenue, Bristol, Tennessee. This property features three apartments with two three bedrooms and one two-bedroom unit. Each apartment has its own utility room with washer and dryer hookups.Downstairs is an L shaped living room, dining room and kitchen. The bedrooms are upstairs. Units have plenty of storage space. Located just minutes from the Fairmount school, downtown district and the new Hard Rock Hotel. In addition, The Pinnacle Shopping stores and restaurants are just six miles away. Purchasing this property is not only a wise investment it is also a wonderful home for tenants. You will receive two forms of appreciation, of course increase in value but also appreciation from the satisfied tenants that call these apartments HOME. Talking with the current owner he states that he rented apartment one in 1998 and then purchased the building in 2004. He is proud of the fact that he raised his daughter in apartment one and later rented apartment two to both his son and daughter. Since the building is 4,300 square feet, each apartment is over 1,200 square feet. Large and spacious rooms make for comfortable family living. Behind the building is a brick detached three car oversized garage. The building sits on .51 acres. Since the Fairmount Historic District of Bristol is very desirable on July 30, 2010 this building and neighborhood was listed in the National Registers of Historic Places by the National Park Service of the United States Department of Interior. Don't miss out on this rare investment. Schedule a showing today!

Geographical

County: Sullivan

Subdivision:

Zoning: R 3

School System

Fairmont Elementary

Vance Middle

Tennessee High

Other Rooms: Laundry, Utility Room  Flooring: Carpet, Vinyl, Tile, Hardwood Basement & Foundation: Crawl Space  Other Features: Open Floorplan, Walk-In Closet(s), See Remarks 

Porch, Patio, Decking Detail:  Covered, Front Porch Roof: Composition, Shingle Exterior Finish: Brick Garage: 3 Other Exterior: See Remarks

Photos