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601 Holston Avenue, Bristol, TN 37620 - $277,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9962194
Living Area: 0 Lot Acreage: 0 Year Built: 1920
Elementary School: Anderson Middle School: Vance High School: Tennessee
Property 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 parking Unit A: current rent $650, lease ends Aug 2024 Unit B: current rent $650, lease ends Mar 2024 Unit C: current rent $850, lease ends Feb 2025 This 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.
  • More Listing Info
    AC:Ceiling Fan(s)true
    AC:Window Unit(s)true
    Appliances:Dryertrue
    Appliances:Electric Rangetrue
    Appliances:Refrigeratortrue
    Appliances:Washertrue
    Basement:Partialtrue
    Construction:Site Built2true
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Vinyl Sidingtrue
    Fencing:Back Yardtrue
    Flooring:Hardwoodtrue
    Flooring:Tile2true
    Flooring:Vinyltrue
    Foundation:Block6true
    General Property Description:# Buildings1
    General Property Description:# of Units3.0
    General Property Description:Acres0.0
    General Property Description:Elementary School3Anderson
    General Property Description:High School3Tennessee
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions36 X 140
    General Property Description:Middle School2Vance
    General Property Description:Total Units3
    General Property Description:Zoning2B3
    Heating:Electrictrue
    Heating:Radianttrue
    Info Available:Leases2true
    Interior Features:Smoke Detector(s)true
    Levels:Onetrue
    Location Tax Legal Info:City Taxes739.7
    Location Tax Legal Info:County Taxes896.07
    Location Tax Legal Info:Deed Book #3527
    Location Tax Legal Info:Deed Page #1679
    Parking Features:Graveltrue
    PorchPatioDeck:Porchtrue
    PorchPatioDeck:Rear Porchtrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3Take I81 Exit 3 onto Commonwealth and keep straight onto Volunteer Pkwy. Turn right onto Windsor Ave, left onto Ninth St, left onto Wilson Ave. 601 Holston is on the corner of Wilson Ave and Holston Ave.
    Remarks Misc:Public Remarks2Cash-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 parking Unit A: current rent $650, lease ends Aug 2024 Unit B: current rent $650, lease ends Mar 2024 Unit C: current rent $850, lease ends Feb 2025 This 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.
    Roof:Metal3true
    Sewer:Public Sewertrue
    Showing Instructions:24 Hour Noticetrue
    Style:Traditionaltrue
    TopographyLot Description:Level2true
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms31
    Unit 1:# Rooms44
    Unit 1:Monthly Rent650
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms41
    Unit 2:# Rooms34
    Unit 2:Monthly Rent2650
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms51
    Unit 3:# Rooms24
    Unit 3:Monthly Rent3850
    Walls:Drywalltrue
    Water:Publictrue
    Window Features:Double Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
eXp Realty VA
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