$3,425,000
Bristol, TN 37620
MLS# 9963901
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Property Description
This is a 20 unit townhome project consisting of 2 bed, 1.5 bath units. There have been MANY updates, the units are 100% occupied., and there is still plenty of room for increase in the rents as units are turned. There is also a 2 bed, 2 bath single family home with a large detached garage, and an income producing billboard on the property as well. Totaling nearly 7 acres, there is potential here for more multifamily development as there is a lack of quality rental units in the area. The property is located just minutes from Downtown Bristol, the Pinnacle Shopping Center, Bristol Motor Speedway, Bristol Medical Center, Bristol Casino, and I-81.
Details
Maps
Location, Tax & Legal Info
Street #: 2637
Street Name: Highway 11w
County: Sullivan
State/Province: TN
Zip Code: 37620
Parcel ID: 018 101.00
County Taxes: 699.9
Contract Info
Status: Active
Listing Price: 3425000
Current Price: $3,425,000
Listing Date: 2024-04-01
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 6.9 Acres
Acres: 6.9
Zoning: B1
Property Sub-Type: Multi-Family
Total Units: 20
Stories: 2
Year Built: 1994
Elementary School: Central Heights
Middle School: Sullivan Central Middle
High School: West Ridge
HOA Y/N: No
Remarks & Misc
Public Remarks: This is a 20 unit townhome project consisting of 2 bed, 1.5 bath units. There have been MANY updates, the units are 100% occupied., and there is still plenty of room for increase in the rents as units are turned. There is also a 2 bed, 2 bath single family home with a large detached garage, and an income producing billboard on the property as well. Totaling nearly 7 acres, there is potential here for more multifamily development as there is a lack of quality rental units in the area. The property is located just minutes from Downtown Bristol, the Pinnacle Shopping Center, Bristol Motor Speedway, Bristol Medical Center, Bristol Casino, and I-81.
Directions: East on I-81 to North on 11W to property on RT.
Unit 1
# Units: 14
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Unit 2
# Units: 6
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Unit 3
# Units: 6
# Bedrooms: 2
# Bathrooms: 1
Half Baths: 1
Property Features
Style: Townhouse
Exterior Finish: Metal Siding
Appliances: Range; Refrigerator
Flooring: Laminate
Roof: Metal
Parking Features: Parking Spaces
Topography/Lot Description: Cleared
Heating: Central
Water: Public
AC: Central Air
Construction: Site Built
Easements: Other
Financing: Cash; Conventional
Listing Office: SVN, Wood Properties
Last Updated: May - 07 - 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.