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311 12th Street
Bristol TN 37620
MLS #10002632 · Listing Courtesy of Coldwell Banker Security Real Estate
$575,000
Active
0.36
Acres
1930
Built
Property Description
Great opportunity to get into the rental market!! This property is in the heart of Bristol TN with all kinds of Potential! Walking distance to down town Bristol and Steel Creek Park and only about a mile from The Hardrock Hotel and Casino. It also backs up to the Mark Vance trail. Currently there are 4 units on long term rentals 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. The building is in good shape with newer roof, windows and plumbing and electrical upgrades. There is a basement that provides great access to Plumbing and Electrical as well. The owner will transfer security deposits and prorate the rents at closing. This could potentially go FHA with only 3.5% down. Live in one unit and rent the other three. This property is approved for a Bed and Breakfast with a www.com name and website to go with it if the new owners want to go that route. This could also be converted back into a single family home with ease! The stone in this beauty is the same that was used in the Brooklyn Bridge in New York City! There is also an extra lot to build another duplex on the corner of Windsor and 12th St. or just enjoy a great greenspace and tons of parking! Own a beautiful piece of history! The possibilities are endless! Please contact listing agent for all viewings! Buyers and buyer agents please verify all information taken from third party sources.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number10002632
Lot Dimensions174 x 92
City Taxes$1,487
County Taxes$1,300
Elementary SchoolAnderson
Middle SchoolVance
High SchoolTennessee
Features & Amenities
Interior
24 Hour Security
Baseboard Heating
Block Basement
Carpet Flooring
Cellar Basement
Closed Circuit Camera(s)
Concrete Basement
Double Pane Windows
Drywall Walls
Entrance Foyer
Great Room Fireplace
Hardwood Flooring
Kitchen/Dining Combo
Laminate Counters
Marble Fireplace
Microwave
Plaster Walls
Range
Refrigerator
Restored
Security System
Tile Flooring
Two-Level
Walk-Out Access Basement
Window Treatments
Window Unit(s)
Exterior
Block Exterior
Block Foundation
Cleared Lot
Covered Porch/Patio
Driveway
Front Patio
Front Yard Fencing
Gravel
Historic
Landscaping
Level Lot
Parking Pad
Porch
Shingle Roof
Side Porch
Sidewalk
Stone Exterior
Stone Foundation
Street Lights
Traditional
Unpaved
Vinyl Siding Exterior
Other
Aerial
Average Condition
Cable Connected
Electricity Connected
Lawn Maint
Natural Gas Available
Profit/Loss Statement
Public Sewer
Public Water
Rental Rolls
Repairs and Maint
Sewer Connected
Taxes Real Estate
Waste
Water Connected
Water/Sewer
Directions
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 Straight on 12th St-home on the right.
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Additional Information
Contract InfoForeclosureNoEasementsNoneYesFireplaceSee RemarksYesGeneral Property Description# Buildings1# of Units4HOANoHome WarrantyNoSenior CommunityNoStories2Total Units4ZoningREIncome and ExpensesAnnual Operating Expenses739,600Gross Annual Income62,160Net Annual Income54,764Vacancy Rate %0Location Tax Legal InfoDeed Book #3,524Deed Page #2,087Structure TypeHouseYesMulti FamilyYesQuadruplexYesUnit 1# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,295SqFt550Unit 2# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,295SqFt550Unit 3# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,295SqFt550Unit 4# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,295SqFt750
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