Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9998279

Lot Acreage: 0.30000

Living Area: 0

Year Built:1986

Elementary School: Holston View

Middle School: Tennessee Middle

High School: Tennessee

Public Remarks: **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. Video walkthroughs are coming soon. 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.

Listing Courtesy:The Addington Agency Bristol

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. Video walkthroughs are coming soon. 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