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617 Fairview Street, Bristol, VA 24201 - $124,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9972238
Living Area: 0 Lot Acreage: 0 Year Built: 1906
Elementary School: Van Pelt Middle School: Virginia High School: Virginia
Property Description
Investment Opportunity - Multi-Family Property! This property features two residences, both offering rental income potential and conveniently located within a mile of historic downtown Bristol, VA. Just a 10-minute drive to the Pinnacle shopping center and the new Hard Rock Casino, and within 20 minutes of the Bristol Motor Speedway. A short drive takes you to Abingdon, VA, home of the historic Barter Theater and the renowned Creeper Trail. Each property has their own address and utility hook up. The second property address is 134 Raven Alley, Bristol, VA. Property Details: Residence 1: A 5-bedroom, 1.5-bath home, currently rented for $750.00 per month. The tenant has been in place for 7 years and is in good standing. This home needs updates and some minor repairs. Residence 2: A 1-bedroom, 1-bath garage apartment, currently leased for $450.00 per month. The tenant has been in place for 5 years and is in good standing. This unit also requires upgrades and some repairs. Both properties are being sold as-is, and buyers are advised to conduct their own due diligence. All information is deemed reliable but is not guaranteed. It is the responsibility of the buyer and/or their agent to verify all information. All details are taken from public sources and no warranty is implied. This property offers a great opportunity for those looking to invest in a sought-after area with steady rental income potential.
Listing Status
Active
  • More Listing Info
    AC:None11true
    Appliances:Refrigeratortrue
    Basement:Block4true
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Block5true
    Exterior Finish:Vinyl Sidingtrue
    Flooring:Carpettrue
    Flooring:Tile2true
    Flooring:Vinyltrue
    Foundation:Block6true
    Garage:Garage Spaces2
    General Property Description:Acres0.0
    General Property Description:Elementary School3Van Pelt
    General Property Description:High School3Virginia
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions55*144
    General Property Description:Middle School2Virginia
    General Property Description:Total Units2
    General Property Description:Zoning2r
    Heating:Baseboardtrue
    Heating:Natural Gas2true
    Interior Features:Eat-in Kitchentrue
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Twotrue
    Location Tax Legal Info:City Taxes318.08
    Location Tax Legal Info:County Taxes0.0
    Other Rooms:Apartmenttrue
    Parking Features:Detachedtrue
    Parking Features:See Remarks22true
    PorchPatioDeck:Front Porchtrue
    PorchPatioDeck:Rear Porchtrue
    Possession:See Remarks17true
    Property Condition:Fixertrue
    Remarks Misc:Directions3From MLK Blvd, Turn onto Mary street, cross Mary Street Bridge, turn left to Fairview Street and Raven Alley.
    Remarks Misc:Public Remarks2Investment Opportunity - Multi-Family Property! This property features two residences, both offering rental income potential and conveniently located within a mile of historic downtown Bristol, VA. Just a 10-minute drive to the Pinnacle shopping center and the new Hard Rock Casino, and within 20 minutes of the Bristol Motor Speedway. A short drive takes you to Abingdon, VA, home of the historic Barter Theater and the renowned Creeper Trail. Each property has their own address and utility hook up. The second property address is 134 Raven Alley, Bristol, VA. Property Details: Residence 1: A 5-bedroom, 1.5-bath home, currently rented for $750.00 per month. The tenant has been in place for 7 years and is in good standing. This home needs updates and some minor repairs. Residence 2: A 1-bedroom, 1-bath garage apartment, currently leased for $450.00 per month. The tenant has been in place for 5 years and is in good standing. This unit also requires upgrades and some repairs. Both properties are being sold as-is, and buyers are advised to conduct their own due diligence. All information is deemed reliable but is not guaranteed. It is the responsibility of the buyer and/or their agent to verify all information. All details are taken from public sources and no warranty is implied. This property offers a great opportunity for those looking to invest in a sought-after area with steady rental income potential.
    Roof:Metal3true
    Roof:Shingletrue
    Sewer:Public Sewertrue
    Structure Type:Housetrue
    Structure Type:Multi Familytrue
    Style:Bungalow2true
    TopographyLot Description:Other18true
    TopographyLot Description:Part Woodedtrue
    TopographyLot Description:See Remarkstrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms35
    Unit 1:# Half Baths1.0
    Unit 1:# Units1
    Unit 1:Monthly Rent750
    Unit 1:SqFt61188
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms41
    Unit 2:# Units21
    Unit 2:Monthly Rent2450
    Unit 2:SqFt5500
    Utilities:Cable Availabletrue
    Utilities:Natural Gas Available2true
    Utilities:Phone Availabletrue
    Walls:Drywalltrue
    Walls:Panelingtrue
    Walls:Plastertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
REMAX Results Bristol
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