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601 Holston Avenue
Bristol TN 37620
MLS #10002240 · Listing Courtesy of Berkshire HHS, Jones Property Group
$299,900
Active
0.12
Acres
1920
Built
Property Description
Discover the possibilities with this updated triplex conveniently located near Downtown Bristol! Whether you're looking for a place to call home while generating rental income or an opportunity to expand your investment portfolio, this property offers flexibility and income potential.
Featuring three separate units, the property has benefited from substantial improvements over the years. Both upstairs units were previously renovated down to the studs, including updated electrical wiring, while the downstairs unit was updated in 2023. More recent improvements include updated plumbing work and replacement of the sewer line to the street. Additional features include a shared laundry room and off-street gravel parking.
The property currently has three long-term tenants in place, all on month to month rental agreements, offering flexibility for a future owner.
Current Rental Income:
Unit A: $700/month (water included)
Unit B: $700/month (water included)
Unit C: $1,000/month (electricity, water, and internet included)
Currently generating $2,400 per month in gross rental income ($28,800 annually), the property offers an opportunity for an owner-occupant live in one unit while collecting rent from the other two, or continue renting all three units.
Conveniently located just off Volunteer Parkway, within walking distance of Downtown Bristol, and approximately 2 miles from Bristol Casino. Bristol Regional Medical Center is also just a short drive away.
The property is zoned B-3, potentially offering additional opportunities beyond traditional long-term rentals, subject to local zoning regulations and buyer verification.
Enjoy the convenience of living close to everything Bristol has to offer while having the potential for rental income.
All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information. Property sold as-is.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number10002240
Lot Dimensions36 X 140
City Taxes$1,619.91
County Taxes$1,416.13
Elementary SchoolAnderson
Middle SchoolVance
High SchoolTennessee
Features & Amenities
Interior
Ceiling Fan(s)
Double Pane Windows
Dryer
Drywall Walls
Electric Heating
Electric Range
Hardwood Flooring
One-Level
Partial Basement
Radiant Heating
Refrigerator
Smoke Detector(s)
Tile Flooring
Vinyl Flooring
Washer
Window Unit(s)
Exterior
Back Yard Fencing
Block Foundation
Gravel
Level Lot
Metal Roof
Porch
Rear Porch
Sloped Lot
Traditional
Vinyl Siding Exterior
Other
Average Condition
Leases
Public Sewer
Public Water
Directions
From I-81, take Exit 3 toward Bristol. Continue onto Commonwealth Avenue, which becomes Volunteer Parkway. Turn right onto Windsor Avenue, left onto 9th Street, then left onto Wilson Avenue. Property is located at the corner of Wilson Avenue and Holston Avenue, 601 Holston Avenue, Bristol, TN 37620
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Additional Information
Contract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units3HOANoTotal Units3ZoningB 3Location Tax Legal InfoDeed Book #3,617Deed Page #1,920Structure TypeHouseYesUnit 1# Bathrooms1# Bedrooms1# Rooms4Monthly Rent1,000Unit 2# Bathrooms1# Bedrooms1# Rooms4Monthly Rent700Unit 3# Bathrooms1# Bedrooms1# Rooms4Monthly Rent700
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