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Listed price in listed location currency (USD).
$299,900

000

MLS® 10002240

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 12
Lot Size 0.12 Acres
Approx. Age 1920
MLS® Number 10002240

Property Address: 601 Holston Ave, Bristol, TN, 37620-3593

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number10002240
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementPartial
DrivewayGravel
Garage Spaces
HeatElectric, Radiant
A/CCeiling Fan(s), Window Unit(s)

Extras

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