311 12th Street
Property Description
Great opportunity to get into the rental market!! This property is in the heart of Bristol TN with all kinds of Potential! Walking distance to down town Bristol and Steel Creek Park and only about a mile from The Hardrock Hotel and Casino. It also backs up to the Mark Vance trail. Currently there are 4 units on long term rentals at $1,295 a month for each. Each renter pays their own electric bills. The owner landlord pays $100 a month for sewer, trash, and water. The building is in good shape with newer roof, windows and plumbing and electrical upgrades. There is a basement that provides great access to Plumbing and Electrical as well. The owner will transfer security deposits and prorate the rents at closing. This could potentially go FHA with only 3.5% down. Live in one unit and rent the other three. This property is approved for a Bed and Breakfast with a name and website to go with it if the new owners want to go that route. This could also be converted back into a single family home with ease! The stone in this beauty is the same that was used in the Brooklyn Bridge in New York City! There is also an extra lot to build another duplex on the corner of Windsor and 12th St. or just enjoy a great greenspace and tons of parking! Own a beautiful piece of history! The possibilities are endless! Please contact listing agent for all viewings! Buyers and buyer agents please verify all information taken from third party sources.
Broker Details
Coldwell Banker Security Real Estate of Tennessee Inc. (423) 446-0148
MLS ID: 3411 State License Number: 00257969
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $575,000 |
| No. of Units: | 4 |
| Year Built: | 1930 |
| Lot Size: | 2,400.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $143,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-TVARMLS-10002632
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