601 Holston Avenue
Property 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.
Broker Details
JONES PROPERTY GROUP, LLC 423-989-4100
MLS ID: 34638 State License Number: 379243
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,900 |
| No. of Units: | 3 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $99,967 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 3 |
ID: 3yd-TVARMLS-10002240
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