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

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Blue Ridge Properties Listing

311 12th Street, Bristol, TN 37620 (MLS #9992072)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9992072

Lot Acreage: 0.14000

Living Area: 0

Year Built:1930

Elementary School: Anderson

Middle School: Vance

High School: Tennessee

Public Remarks: 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 Courtesy:KW Bristol

More Listing Info:

AC:Window Unit(s): true

Amenities:Landscaping: true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Basement:Exterior Entry: true

Basement:Walk-Out Access: true

Contract Info:Foreclosure: No

Door Features:ENERGY STAR Qualified Doors: true

Easements:None12: true

Expenses Include:Lawn Maint: true

Expenses Include:See Remarks39: true

Expenses Include:Supplies: true

Expenses Include:Taxes Real Estate: true

Expenses Include:Waste: true

Expenses Include:WaterSewer: true

Exterior Features:See Remarks23: true

Exterior Finish:Stone5: true

Exterior Finish:Vinyl Siding: true

Fencing:Privacy: true

Fireplace:Ornamental: true

Flooring:Hardwood: true

Foundation:Block6: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 4.0

General Property Description:Acres: 0.14

General Property Description:Elementary School3: Anderson

General Property Description:High School3: Tennessee

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: 61 x 85 irr

General Property Description:Middle School2: Vance

General Property Description:Senior Community YN3: No

General Property Description:Stories2: 2

General Property Description:Total Units: 4

General Property Description:Zoning2: Com

Heating:Baseboard: true

Heating:Electric: true

Income and Expenses:Annual Operating Expenses: 4000

Income and Expenses:Gross Annual Income: 62122

Income and Expenses:Net Annual Income: 58122

Income and Expenses:Vacancy Rate %: 2.0

Info Available:Leases2: true

Info Available:See Remarks28: true

Interior Features:Remodeled: true

Interior Features:Restored: true

Interior Features:Walk-In Closet(s): true

Levels:Two: true

Location Tax Legal Info:City Taxes: 1486.33

Location Tax Legal Info:County Taxes: 1299.35

Location Tax Legal Info:Deed Book #: 3524

Location Tax Legal Info:Deed Page #: 2087

Other Rooms:2nd Kitchen: true

Other Rooms:In Law Suite: true

Parking Features:Driveway: true

Parking Features:Parking Pad: true

Parking Features:RV AccessParking: true

PorchPatioDeck:Covered: true

PorchPatioDeck:Deck: true

PorchPatioDeck:Front Porch: true

PorchPatioDeck:Side Porch: true

Property Condition:Average: true

Remarks Misc:Directions3: I 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 Remarks7: 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.

Roof:Composition: true

Roof:Shingle: true

Security Features:24 Hour Security: true

Security Features:Closed Circuit Camera(s): true

Security Features:Security Lights: true

Sewer:Public Sewer: true

Structure Type:Quadruplex: true

Style:Colonial3: true

Style:Historic2: true

TopographyLot Description:Cleared: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 1

Unit 1:# Rooms4: 3

Unit 1:# Units: 1

Unit 1:Monthly Rent: 1295

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Rooms3: 3

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 1295

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Rooms2: 3

Unit 3:# Units3: 1

Unit 3:Monthly Rent3: 1295

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 1

Unit 4:# Rooms: 3

Unit 4:# Units4: 1

Unit 4:Monthly Rent4: 1295

Utilities:Electricity Connected: true

Utilities:Natural Gas Available2: true

Utilities:Sewer Connected: true

Utilities:Water Connected: true

Walls:Custom: true

Walls:Plaster: true

Water:Public: true

Window Features:Double Pane Windows: true

Window Features:Window Treatments: true