$245,000
Bristol, TN 37620
MLS# 9960870
1 / 39
Property Description
Investors take notice. This three unit multifamily home is ready to be your next income producing property. Two units are currently rented at $650/month, and the third has been remodeled and currently rented for $750/month. This triplex is complete with one-studio unit, (unit 1), a two bedroom unit, (unit 2), and another two bedroom unit upstairs, (unit 3). All units have private access from the interior of the home; unit 2 has an additional entrance from the exterior in the back of the property. Property is being sold as is. *Buyer and buyer's agent to verify all information contained herein. *Equal Housing Opportunity.
Details
Maps
Location, Tax & Legal Info
Street #: 1211
Street Name: Broad
St Suffix: Street
County: Sullivan
State/Province: TN
Zip Code: 37620
Subdivision: Not In Subdivision
Deed Book #: 3516
Deed Page #: 2269
Parcel ID: 020d A 014.00
City Taxes: 624.49
County Taxes: 756.51
Contract Info
Status: Active
Listing Price: 245000
Current Price: $245,000
Listing Date: 2024-01-10
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 50 X 202.25
Acres: 0.23
Zoning: Commercial
Property Sub-Type: Multi-Family
# Buildings: 1
Total Units: 3
Stories: 2
Year Built: 1900
Elementary School: Anderson
Middle School: Vance
High School: Tennessee
HOA Y/N: No
Remarks & Misc
Public Remarks: Investors take notice. This three unit multifamily home is ready to be your next income producing property. Two units are currently rented at $650/month, and the third has been remodeled and currently rented for $750/month. This triplex is complete with one-studio unit, (unit 1), a two bedroom unit, (unit 2), and another two bedroom unit upstairs, (unit 3). All units have private access from the interior of the home; unit 2 has an additional entrance from the exterior in the back of the property. Property is being sold as is. *Buyer and buyer's agent to verify all information contained herein. *Equal Housing Opportunity.
Directions: From I-81, take exit 1 and keep right at the fork, merge onto Gate City Hwy. Drive 1 mi, and continue straight onto W State St. After .6 mi, turn right onto 17th St. Drive .2 mi, and turn left onto Anderson St. After .3 mi turn left onto 12th St, then turn left onto Broad St. Property is on right.
Income and Expenses
Gross Annual Income: 24600
Unit 1
# Units: 1
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 650
Unit 2
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 650
Unit 3
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 750
Property Features
Property Condition: Average
Style: Craftsman
Levels: Two
Exterior Finish: Wood Siding
Roof: Shingle
Porch/Patio/Deck: Covered; Front Porch
Topography/Lot Description: Level
Heating: See Remarks
Water: Public
Sewer: Public Sewer
Basement: Unfinished
AC: See Remarks
Construction: Site Built
Info Available: Leases
Possession: See Remarks
Easements: None
Financing: Cash; Conventional
Listing Office: NextHome Magnolia Realty
Last Updated: March - 28 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.