$560,000
Bristol, TN 37620
MLS# 9933699
Status: Closed
7410 sqft
1 / 75
Property Description
Location, Location, LOCATION! Fully remodeled 8-unit apartment complex in a desirable location of Bristol, TN. This property features four 2-bedroom apartments and four 1-bedroom apartments. All units have 1 bathroom. The apartments are very spacious, with 6 of them including large, walk-in closets. Extra wide staircases inside. 100% occupied with total monthly rent of $5,150. Three 2 bedrooms are rented at $700 and one is $650. All of the 1 bedrooms are $600. Tenants pay Electric, TV, & Internet. Owner pays water, trash, landscaping, and the main meter electric for the common areas. The building also includes a large unfinished basement that could be utilized for added potential as there's 1500 square feet for an office or ....? 24 hour noticed required to view occupied units. This would make for a great asset to your balance sheet or for those looking to venture into the airbnb/short term rental market, you could potentially convert this into an airbnb. Currently all leases are for a year, see rent roll in documents Buyer/buyer's agent to verify
Details
Maps
Documents
Location, Tax & Legal Info
Lot #: 9-11
Parcel ID: 021g C 026.00
Block: 30
Deed Book #: 3433
Deed Page #: 1845
City Taxes: 1681.41
County Taxes: 1999.46
Contract Info
List Price/SqFt: 80.96
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 599900
Current Price: $560,000
Listing Date: 2022-02-09
General Property Description
Lot Dimensions: 150x150
Acres: 0.51
Zoning: multi
# Buildings: 1
Elementary School: Fairmont
Middle School: Vance
Total Units: 8
High School: Tennessee
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1900
Total SqFt: 7410
Remarks & Misc
Directions: GPS Friendly
Auction Info
Price Determined By: Market comps/Income
Property Condition
Above Average: 1
Average: 1
Updated/Remodeled: 1
Income and Expenses
Gross Annual Income: 6180000
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 8
# Bedrooms: 12
# Bathrooms: 8
SqFt: 7410
Style
See Remarks: 1
Roof
Shingle: 1
Window Features
Double Pane Windows: 1
Single Pane Windows: 1
Heating
See Remarks: 1
AC
Window Unit(s): 1
Utilities
Cable Available: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Level: 1
Flooring
Vinyl: 1
Easements
See Remarks: 1
Basement
Block: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Other: 1
Existing Finance
Conventional: 1
Walls
See Remarks: 1
Foundation
Other: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 825
Street Name: Kentucky
St Suffix: Avenue
County: Sullivan
State/Province: TN
Zip Code: 37620
Subdivision: Fairmount Land
Status Change Info
Date Pending: 2022-02-20
Sold Date: 2022-04-28
Sold Price: $560,000
Property Features
Property Condition: Above Average; Average; Updated/Remodeled
Style: See Remarks
Exterior Finish: Brick; Vinyl Siding
Flooring: Vinyl
Roof: Shingle
Heating: See Remarks
Water: Public
Window Features: Double Pane Windows; Single Pane Windows
Sewer: Public Sewer
Basement: Block; See Remarks
Foundation: Other
AC: Window Unit(s)
Utilities: Cable Available
Structure Type: House
Walls: See Remarks
Easements: See Remarks
Financing: Cash; Conventional; Other
Existing Finance: Conventional
Rent Roll 
Listing Office: Bridge Pointe Real Estate Jonesborough
Last Updated: April - 25 - 2023
Information deemed reliable but not guaranteed.