Property Description

Listing Status

• More Listing Info

  AC:Central Air	true
  Appliances:Dishwasher	true
  Appliances:Electric Range	true
  Appliances:Microwave	true
  Appliances:Refrigerator	true
  Community Features:None32	true
  Contract Info:Foreclosure	No
  Door Features:Sliding Doors	true
  Easements:Power Line	true
  Expenses Include:All Services	true
  Exterior Finish:Vinyl Siding	true
  Fencing:Back Yard	true
  Flooring:Carpet	true
  Flooring:Hardwood	true
  Flooring:Luxury Vinyl	true
  Foundation:Slab	true
  General Property Description:# Buildings	1
  General Property Description:# Fireplaces	0.0
  General Property Description:# of Units	3.0
  General Property Description:Acres	0.3
  General Property Description:Association Fee Frequency	Monthly
  General Property Description:Elementary School3	Holston View
  General Property Description:High School3	Tennessee
  General Property Description:HOA Fee	180.0
  General Property Description:HOA YN	Yes
  General Property Description:Home Warranty2	No
  General Property Description:Lot Dimensions	136X144 IRR
  General Property Description:Middle School2	Tennessee Middle
  General Property Description:Senior Community YN3	No
  General Property Description:Stories2	2
  General Property Description:Total Units	3
  General Property Description:Zoning2	B 1B / R 3
  Heating:Forced Air	true
  Heating:Heat Pump2	true
  Income and Expenses:Annual Operating Expenses	8998
  Income and Expenses:Annual Utility Expenses	0
  Income and Expenses:Gross Annual Income	39330
  Income and Expenses:Net Annual Income	30332
  Income and Expenses:Special Assessments	0
  Info Available:Building Restrictions	true
  Info Available:Covenant	true
  Info Available:Deed Restrictions	true
  Info Available:Floor Plan	true
  Info Available:Investment Analysis	true
  Info Available:Leases2	true
  Info Available:Rental Rolls	true
  Info Available:Survey2	true
  Interior Features:Entrance Foyer	true
  Interior Features:Laminate Counters	true
  Interior Features:Open Floorplan	true
  Interior Features:Remodeled	true
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Levels:Two	true
  Location Tax Legal Info:City Taxes	2331.34
  Location Tax Legal Info:County Taxes	2038.06
  Location Tax Legal Info:Deed Book #	3498
  Location Tax Legal Info:Deed Page #	2093
  Location Tax Legal Info:Lot #	1
  Other Structures:Storage2	true
  Parking Features:Asphalt2	true
  Parking Features:Deeded	true
  Parking Features:Parking Pad	true
  PorchPatioDeck:Front Patio	true
  PorchPatioDeck:Rear Patio	true
  Property Condition:Above Average	true
  Property Condition:Average	true
  Property Condition:UpdatedRemodeled	true
  Remarks Misc:Directions3	From King University. Continue of King College Rd and turn left on Melody lane. Take first right into parking area. Park in D-1 or side lot.
  Remarks Misc:Public Remarks7	**Investment Opportunity - Three Townhomes Sold as One Portfolio** Excellent opportunity to acquire an income-producing investment portfolio consisting of three townhomes being sold together on one parcel in the Holston Villas community. D-1, D-2, and D-3. This portfolio offers stable cash flow with a proven history of reliable, long-term tenants and consistent on-time rental payments. Each townhome features approximately 1,466± square feet--significantly larger than many comparable units in Holston Villas--offering 2 bedrooms, 2 full bathrooms, including a primary en-suite, an open-concept living and dining area, functional kitchen, front and rear patios, a dedicated laundry/storage room, and generous interior storage. Each unit has one spot plus plentiful overflow parking. Each unit has its own laundry room located off the bedroom. Recent owner-funded capital improvements include a new roof (2024) and complete renovation of Unit D-1. A detailed maintenance history is available upon request. The property is individually deeded and owned by Delta Management Properties, LLC and is located within the Holston Villas Homeowners Association. The parcel includes the corner of King College Road and Melody Lane, the upper parking area, and extends along the north side of the sidewalk. A boundary survey is available. Current ownership maintains an independent insurance policy rather than participating in the HOA master policy. HOA is $180 per month for the all three units. It includes snow removal, shared dumpster, and grass cutting. Property tax information, insurance costs, survey, maintenance records, and additional financial documentation are available to qualified buyers upon request. With oversized floor plans, recent capital improvements, established tenancy, and a strong rental history, this is an outstanding opportunity to acquire a stabilized, turnkey investment in the Bristol market. Located across the street from the new fire station and elementary school. A short drive or bike ride to King University. This investment has a very low history of vacancy.
  Roof:Asphalt	true
  Roof:Shingle	true
  Sewer:Public Sewer	true
  Structure Type:Triplex	true
  Style:Townhouse2	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	2.0
  Unit 1:# Bedrooms3	2
  Unit 1:# Half Baths	0.0
  Unit 1:# Rooms4	5
  Unit 1:# Units	1
  Unit 1:SqFt6	1433
  Unit 2:# Bathrooms4	2.0
  Unit 2:# Bedrooms4	2
  Unit 2:# Half Baths2	0.0
  Unit 2:# Rooms3	5
  Unit 2:# Units2	1
  Unit 2:Monthly Rent2	1000
  Unit 2:SqFt5	1433
  Unit 3:# Bathrooms3	2.0
  Unit 3:# Bedrooms5	2
  Unit 3:# Rooms2	5
  Unit 3:# Units3	1
  Unit 3:Half Baths	0.0
  Unit 3:Monthly Rent3	1050
  Unit 3:SqFt2	1433
  Utilities:Electricity Connected	true
  Utilities:Natural Gas Connected	true
  Utilities:Sewer Connected	true
  Utilities:Water Connected	true
  Walls:Drywall	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: