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1211 Broad Street

Bristol, TN 37620
  • $194,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 9937362
UPDATED: 32 min ago
$194,000
  • 5
    BEDS
  • 0.23
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,394
    SQFT
  • $81
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

Attention Investors! Don't miss out on this opportunity to own a 2394 square foot, three apartment home in downtown Bristol, TN. Selling AS IS, for CASH OR CONVENTIONAL buyer. Built in 1900 this triplex is complete with one-studio unit (apt 1 on left) and a two bedroom unit (apt 2 on right) on the first floor. The third unit (up stairs) has two or three bedrooms, depending on use (all have closets and windows). Each unit has a private entrance from the interior of the home. All units are spacious and are equipped with a refrigerator and stove for the tenants. The first floor units are currently leased. The second floor has been partially remodeled, and is not complete. Electrical for apt 3has been completed by seller and inspected. The kitchen cabinets, windows , refrigerator, stove, bathroom sink, subfloor and laminate floor are on site, but not installed. All are included in the sale price. The Landlord currently pays electric for 2 of the 3 units. Landlord pays for water and the oil for the furnace that heats the homes. No washer/dryer hookups nor central A/C units. New owner will also pay for the pest control and maintaining the lawn. Rent for all three units ranges from $650- $750 per month per unit. The return has been net 10.6% when fully rented. This unpolished home will love your TLC or continue to rent as is, and update as you desire. Tenants require 24 hour notice to see home. Please knock before entering as two tenants are home in daytime. Current tenants are smokers, for those who need advance notice before entering. Keys in Supra box, Appointments by Showingtime. Home is being sold AS IS. Buyer/Buyers agent to verify all information.

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© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-05-21T11:00:10.217.
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1211 Broad Street Bristol, TN 37620

  • Price: $194,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 32 min ago
  • MLS #: 9937362
5
Beds
3
Baths
0
½ Baths
0.23
Acres
2,394
SQFT
$81
$/SQFT
1900
Built
County:
Sullivan
Elementary School:
Anderson
Middle School:
Vance
High School:
Tennessee
Property Description
Attention Investors! Don't miss out on this opportunity to own a 2394 square foot, three apartment home in downtown Bristol, TN. Selling AS IS, for CASH OR CONVENTIONAL buyer. Built in 1900 this triplex is complete with one-studio unit (apt 1 on left) and a two bedroom unit (apt 2 on right) on the first floor. The third unit (up stairs) has two or three bedrooms, depending on use (all have closets and windows). Each unit has a private entrance from the interior of the home. All units are spacious and are equipped with a refrigerator and stove for the tenants. The first floor units are currently leased. The second floor has been partially remodeled, and is not complete. Electrical for apt 3has been completed by seller and inspected. The kitchen cabinets, windows , refrigerator, stove, bathroom sink, subfloor and laminate floor are on site, but not installed. All are included in the sale price. The Landlord currently pays electric for 2 of the 3 units. Landlord pays for water and the oil for the furnace that heats the homes. No washer/dryer hookups nor central A/C units. New owner will also pay for the pest control and maintaining the lawn. Rent for all three units ranges from $650- $750 per month per unit. The return has been net 10.6% when fully rented. This unpolished home will love your TLC or continue to rent as is, and update as you desire. Tenants require 24 hour notice to see home. Please knock before entering as two tenants are home in daytime. Current tenants are smokers, for those who need advance notice before entering. Keys in Supra box, Appointments by Showingtime. Home is being sold AS IS. Buyer/Buyers agent to verify all information.
Exterior Features

Exterior Finish Vinyl SidingWood Siding Lot Dimensions 50 X 202.25 Parking Features OtherParking Spaces Porch Patio Deck CoveredFront PorchRear Porch Roof Composition Style 2 StorySee Remarks Topography Lot Description Rolling SlopeSloped

Interior Features

Ac None Appliances RangeRefrigerator Building1 Number Rooms 3 Building2 Number Rooms 5 Building3 Number Rooms 5 Flooring HardwoodLaminateVinyl Heating Floor FurnaceOil Interior Features Eat-In Kitchen Number Fireplaces 0

Property Features

Auction No Building1 Monthly Rent 650 Building2 Monthly Rent 650 Building3 Monthly Rent 750 City Taxes 624.49 County Taxes 756.51 Easements None Foreclosure No Income And Expenses Annual Operating Expenses 1036 Income And Expenses Annual Utility Expenses 3000 Income And Expenses Gross Annual Income 24600 Income And Expenses Net Annual Income 20564 Income And Expenses Vacancy Rate Percent 33.00 Property Condition Below AverageFixer Property Sub Type Multi-Family Short Sale No Water Public Zoning Residential

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Denise Myers of Hurd Realty, Llc.



© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-05-21T11:00:10.217.
 
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Bridge Pointe Real Estate
504 E Jackson Blvd
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