311 12th Street

Bristol TN 37620

6098.4 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Who's your Cashcow??? This is it!!! The owner is giving the buyer a $5k concessions plus $5k security deposits at closing. This property is in the heart of Bristol TN with all kinds of Potential! Current owner has 4 units on long term rental 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. $62,160 Gross;$58k net =right at 10% Cap ROI. Live on one level and rent out the other level and have your payment paid! This property is approved for a Bed and Breakfast with a www.com name website to go with it if the new owners want to go that route. This property is also approved for transitional housing at $1,000 a month for each room. The stone in this beauty is the same that was used in the Brooklyn Bridge in New York City! This is a historic home with new windows, new roof, new upgrades in the plumbing and electric. There is also the potential of an extra lot to build another multi unit complex on the corner of Windsor and 12th St. So the possibilities are endless! Please contact listing agent for all viewings! Buyers and buyer agents please verify all information taken from third party sources.