Listing by: Kevin Tipton, SVN, Wood Properties, 865-210-0228
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This is a 20 unit townhome project consisting of 2 bed, 1.5 bath units. There have been MANY updates, the units are 100% occupied., and there is still plenty of room for increase in the rents as units are turned. There is also a 2 bed, 2 bath single family home with a large detached garage, and an income producing billboard on the property as well. Totaling nearly 7 acres, there is potential here for more multifamily development as there is a lack of quality rental units in the area. The property is located just minutes from Downtown Bristol, the Pinnacle Shopping Center, Bristol Motor Speedway, Bristol Medical Center, Bristol Casino, and I-81.
Property Details | ||
---|---|---|
Price | $3,425,000 | |
Property Style | Townhouse | |
Lot Size | 6.9 Acres | |
Lot Size Area | 6.9 | |
Lot Size Area Units | Acres | |
Acres | 6.9 | |
Property Type | MultiFamily | |
MLS Sub type | Multi-Family | |
Year Built | 1994 | |
Roof | Metal | |
Heating | Central | |
Lot Description | Cleared | |
Parking Description | Parking Spaces | |
Geographic Data | ||
Directions | East on I-81 to North on 11W to property on RT. | |
County | Sullivan | |
Latitude | 36.581001 | |
Longitude | -82.313915 | |
Address Information | ||
Address | 2637 Highway 11w, Bristol, TN 37620 | |
Postal Code | 37620 | |
City | Bristol | |
State | TN | |
Country | United States | |
Listing Information | ||
Listing Office | SVN, Wood Properties | |
Listing Office Phone | 865-936-9999 | |
Listing Office Email | george.brown@svn.com | |
Listing Agent | Kevin Tipton | |
Listing Agent Phone | 865-210-0228 | |
Buyer Agency Compensation | 2.50 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Terms | Cash, Conventional | |
School Information | ||
Elementary School | Central Heights | |
Middle School | Sullivan Central Middle | |
High School | West Ridge | |
MLS® Information | ||
Days on market | 37 | |
MLS® Status | Active | |
Listing Date | Apr 1, 2024 | |
Listing Last Modified | May 7, 2024 | |
Tax ID | 018 101.00 | |
MLS® # | 9963901 |