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503 Georgia Avenue, Bristol, TN 37620 - $510,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9968898
Living Area: 0 Lot Acreage: 0 Year Built: 1947
Elementary School: Fairmont Middle School: Vance High School: Tennessee
Property Description
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!
Listing Status
Active
  • More Listing Info
    AC:Window Unit(s)true
    Basement:Crawl Spacetrue
    Community Features:Sidewalktrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Features:See Remarks23true
    Exterior Finish:Brick4true
    Flooring:Carpettrue
    Flooring:Hardwoodtrue
    Flooring:Tile2true
    Flooring:Vinyltrue
    Foundation:Other25true
    Garage:Garage Spaces3
    General Property Description:# Buildings1
    General Property Description:# of Units3.0
    General Property Description:Acres0.32
    General Property Description:Elementary School3Fairmont
    General Property Description:High School3Tennessee
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions158.4 X 204M IRR
    General Property Description:Middle School2Vance
    General Property Description:Stories22
    General Property Description:Total Units3
    General Property Description:Zoning2R 3
    Heating:Radianttrue
    Income and Expenses:Vacancy Rate %0.0
    Interior Features:Open Floorplantrue
    Interior Features:See Remarks4true
    Interior Features:Walk-In Closet(s)true
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Twotrue
    Location Tax Legal Info:Block71
    Location Tax Legal Info:City Taxes1317.31
    Location Tax Legal Info:County Taxes1595.79
    Location Tax Legal Info:Deed Book #3577
    Location Tax Legal Info:Deed Page #377
    Location Tax Legal Info:Lot #11
    Other Rooms:Laundrytrue
    Other Rooms:Utility Roomtrue
    Other Structures:Garage(s)true
    Parking Features:Graveltrue
    Parking Features:See Remarks22true
    Parking Features:Shared Drivewaytrue
    PorchPatioDeck:Coveredtrue
    PorchPatioDeck:Front Porchtrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3GPS FRIENDLY Go straight down historic State Street. Continue going straight until you reach Pennsylvania Ave. Turn right on Pennsylvania Ave, then turn left on Taylor Street.
    Remarks Misc:Public Remarks2This 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!
    Roof:Compositiontrue
    Roof:Shingletrue
    Sewer:Public Sewertrue
    Structure Type:Multi Familytrue
    Structure Type:Townhouse3true
    Structure Type:Triplextrue
    Style:Colonial3true
    Style:Other53true
    Style:Townhouse2true
    Style:Traditional3true
    TopographyLot Description:Level2true
    TopographyLot Description:See Remarkstrue
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms33
    Unit 1:# Half Baths1.0
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms42
    Unit 2:# Half Baths21.0
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms53
    Walls:Drywalltrue
    Walls:Plastertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Watkins Home Team
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