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311 12th Street, Bristol, TN 37620 - $599,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9992072
Living Area: 0 Lot Acreage: 0 Year Built: 1930
Elementary School: Anderson Middle School: Vance High School: Tennessee
Property Description
Who's your Cashcow??? This is it!!! This property is in the heart of Bristol TN with all kinds of Potential! Current owner has 4 units on long term rental at $1,295 a month for each. Each renter pays their own electric bills. The owner landlord pays $100 a month for sewer, trash, and water. $62,160 Gross;$58k net =right at 10% Cap ROI. Live on one level and rent out the other level and have your payment paid! This property is approved for a Bed and Breakfast with a www.com name website to go with it if the new owners want to go that route. This property is also approved for transitional housing at $1,000 a month for each room. The stone in this beauty is the same that was used in the Brooklyn Bridge in New York City! This is a historic home with new windows, new roof, new upgrades in the plumbing and electric. There is also the potential of an extra lot to build another multi unit complex on the corner of Windsor and 12th St. So the possibilities are endless! Please contact listing agent for all viewings! Buyers and buyer agents please verify all information taken from third party sources.
Listing Status
Active
  • More Listing Info
    AC:Window Unit(s)true
    Amenities:Landscapingtrue
    Appliances:Electric Rangetrue
    Appliances:Refrigeratortrue
    Basement:Exterior Entrytrue
    Basement:Walk-Out Accesstrue
    Contract Info:ForeclosureNo
    Door Features:ENERGY STAR Qualified Doorstrue
    Easements:None12true
    Expenses Include:Lawn Mainttrue
    Expenses Include:See Remarks39true
    Expenses Include:Suppliestrue
    Expenses Include:Taxes Real Estatetrue
    Expenses Include:Wastetrue
    Expenses Include:WaterSewertrue
    Exterior Features:See Remarks23true
    Exterior Finish:Stone5true
    Exterior Finish:Vinyl Sidingtrue
    Fencing:Privacytrue
    Fireplace:Ornamentaltrue
    Flooring:Hardwoodtrue
    Foundation:Block6true
    General Property Description:# Buildings1
    General Property Description:# of Units4.0
    General Property Description:Acres0.14
    General Property Description:Elementary School3Anderson
    General Property Description:High School3Tennessee
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions61 x 85 irr
    General Property Description:Middle School2Vance
    General Property Description:Senior Community YN3No
    General Property Description:Stories22
    General Property Description:Total Units4
    General Property Description:Zoning2Com
    Heating:Baseboardtrue
    Heating:Electrictrue
    Income and Expenses:Annual Operating Expenses4000
    Income and Expenses:Gross Annual Income62122
    Income and Expenses:Net Annual Income58122
    Income and Expenses:Vacancy Rate %2.0
    Info Available:Leases2true
    Info Available:See Remarks28true
    Interior Features:Remodeledtrue
    Interior Features:Restoredtrue
    Interior Features:Walk-In Closet(s)true
    Levels:Twotrue
    Location Tax Legal Info:City Taxes1486.33
    Location Tax Legal Info:County Taxes1299.35
    Location Tax Legal Info:Deed Book #3524
    Location Tax Legal Info:Deed Page #2087
    Other Rooms:2nd Kitchentrue
    Other Rooms:In Law Suitetrue
    Parking Features:Drivewaytrue
    Parking Features:Parking Padtrue
    Parking Features:RV AccessParkingtrue
    PorchPatioDeck:Coveredtrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Front Porchtrue
    PorchPatioDeck:Side Porchtrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3I 81 to Exit 3: travel down Commonwealth Avenue until you cross over into TN;Travel Volunteer Parkway until a right on Windsor Avenue;travel to 12th St;right on 12th St-home on the right.
    Remarks Misc:Public Remarks7Who's your Cashcow??? This is it!!! This property is in the heart of Bristol TN with all kinds of Potential! Current owner has 4 units on long term rental at $1,295 a month for each. Each renter pays their own electric bills. The owner landlord pays $100 a month for sewer, trash, and water. $62,160 Gross;$58k net =right at 10% Cap ROI. Live on one level and rent out the other level and have your payment paid! This property is approved for a Bed and Breakfast with a www.com name website to go with it if the new owners want to go that route. This property is also approved for transitional housing at $1,000 a month for each room. The stone in this beauty is the same that was used in the Brooklyn Bridge in New York City! This is a historic home with new windows, new roof, new upgrades in the plumbing and electric. There is also the potential of an extra lot to build another multi unit complex on the corner of Windsor and 12th St. So the possibilities are endless! Please contact listing agent for all viewings! Buyers and buyer agents please verify all information taken from third party sources.
    Roof:Compositiontrue
    Roof:Shingletrue
    Security Features:24 Hour Securitytrue
    Security Features:Closed Circuit Camera(s)true
    Security Features:Security Lightstrue
    Sewer:Public Sewertrue
    Structure Type:Quadruplextrue
    Style:Colonial3true
    Style:Historic2true
    TopographyLot Description:Clearedtrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms31
    Unit 1:# Rooms43
    Unit 1:# Units1
    Unit 1:Monthly Rent1295
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms41
    Unit 2:# Rooms33
    Unit 2:# Units21
    Unit 2:Monthly Rent21295
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms51
    Unit 3:# Rooms23
    Unit 3:# Units31
    Unit 3:Monthly Rent31295
    Unit 4:# Bathrooms21.0
    Unit 4:# Bedrooms61
    Unit 4:# Rooms3
    Unit 4:# Units41
    Unit 4:Monthly Rent41295
    Utilities:Electricity Connectedtrue
    Utilities:Natural Gas Available2true
    Utilities:Sewer Connectedtrue
    Utilities:Water Connectedtrue
    Walls:Customtrue
    Walls:Plastertrue
    Water:Publictrue
    Window Features:Double Pane Windowstrue
    Window Features:Window Treatmentstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
KW Bristol
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