Bring your investors.
Income producing multi family building in the heart of Bristol. Walking distance to town center, on bus route and opposite YMCA.
Building made up of 6 x 1 bedroom, 1 bathroom updated apartments at 100% occupancy with long term tenants.
New windows installed in 2022. Currently operating at 7% cap rate.
Take advantage of low rental inventory and high demand.
Commercial Bank appraisal has been completed.
Full financials available with signed NDA.
parcel id 021HA027.00 is included which sits to the rear of this property see tax record
6 Total units 2-6 rent for $700/month unit 1= $750 for. annual rent of 59,400. Owner pays for ATMOS gas, Electric water sewer and trash. Total square footage for the building is 3586. To see the layout see floor plan uploaded on the MLS
This building can be purchased together with adjacent vacant land and building at 518 6th st(see separate listing) to create a 14 apartment complex with land to extend.
Sold for $385,000 on 11/17/22
$385,000
506 6th St, Bristol, TN 37620
4beds
4baths
--sqft
Multi Family
Built in 1920
-- sqft lot
$448,500 Zestimate®
$--/sqft
$994 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 30, 2023 at 08:20am
Listed by:
Mia Joyce Johnson 423-612-7653,
American Realty
Bought with:
Holly Humphrey, 336635, 0225252017
Greater Impact Realty Kingsport
Maci West, 363764
Greater Impact Realty Kingsport
Source: TVRMLS,MLS#: 9942986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- CHW System, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range, Refrigerator, See Remarks
Features
- Remodeled
- Flooring: Vinyl, Tile, Laminate
- Windows: Double Pane Windows
- Basement: Dirt Floor
- Has fireplace: Yes
- Fireplace features: Decorative
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Gravel
Features
- Patio & porch: Front Patio, Front Porch
Lot
- Dimensions: 59 x 113 x 58 x 113
- Topography: Level
Details
- Parcel number: 021 H A 030.00
- Zoning: COMMERCIAL
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick, Plaster
- Foundation: Block, Pillar/Post/Pier
- Roof: Metal
Condition
- Updated/Remodeled,Above Average
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Bristol
Other
Other facts
- Listing terms: Cash,Conventional