503 Georgia Avenue
Property Description
-IMMEDIATE INCOME PRODUCING! -CONVENIENT LOCATION! -OWNER OCCUPY OR INVESTOR OPPORTUNITY! This beautiful two-story brick Triplex is located in Fairmount Historic District and is just minutes from Fairmount Elementary School, Vance Middle School, Tennessee High School, King College, Bristol Medical Center, Hardrock Casino, downtown Bristol, and other shops and restaurants. Current Gross annual income $37,200.00. -- UNIT #1 -- - Rent at: $1100 (possibly increasing to $1300 in September) / leased through September 2027 - 3-Bedroom - 1.5 Bathroom -- UNIT 2-- - Rent at: $800 / month to month - 2 Bedroom - 1.5 Bathroom --UNIT 3-- - Rent at: $1,200 / leased through April 2027 - 3-Bedroom - 1 Bathroom Other notable features included but not limited to: - Roof was installed 2011 w/ 30-year architectural shingles. - Brick detached three car garage. - All units come w/all kitchen appliances, and window AC units. OVERHEAD/ EXPENSES: - Individual units are responsible for all of their own utilities. - Annual property insurance is approx. $2,269. - Property taxes for 2025 were $3,560.25 - 2025 Handyman charges: $6,951 - Mowing is $70 every 2-3 weeks. Supra box located on the back door of unit 1. Allow for 24 hr. lead time for showings. Aerial photo boundary lines are approximates only. Sq footage and other listing details pulled from 3rd party All information herein deemed reliable but not guaranteed. Buyer/ Buyers agent to verify all information and schedule showings thru Showing Time or call listing agent. Agents must ensure all buyers are pre-approved prior to scheduling showing.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $350,000 |
| No. of Units: | 22 |
| Year Built: | 1947 |
| Opportunity Zone: | No |
| Price per unit: | $15,909 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-TVARMLS-9996166
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