Great location with tremendous potential. This 4-unit apartment building is located directly across the street from Ballad Heart Center and Holston Medical Group and within walking distance of the Hospital. The property currently consists of 4 1 bedroom apartments with a good long-term rental history. Each unit is separately metered for electricity, and each has laundry hookups. This property is being sold with 2 parcels totaling just over 1 acre, with the vacant parcel having B3 zoning. All tenants are currently month to month, and this property has excellent potential to be converted to short-term rentals for travel nurses, travelers, and casino guests with its proximity to the hospital, interstate, and Hard Rock Bristol Casino. 2 additional adjoining parcels consisting of a single-family rental home (719 Meadowview Rd) zoned B3 and a large garage/shop building could also be purchased for a developer looking for a larger project. Unit 1 has just been rented furnished to a travel nurse at $900/month, Units 2 & 3 have long term renters not in a current lease at $475/month. Unit 4 just had a vacancy and is being advertised for a traditional lease at $700/month. Serious buyers can schedule an appointment to see the occupied units with advanced notice. This is a rare opportunity for a multi-family unit with the potential to expand in an excellent location. Check it out today. Buyer/Buyer's agent to verify all information. Parcels 019K B 001.25 & 019K B 001.20 are included with this sale. Additional parcels: 019K B 001.30 & 019K B 001.15 are owned by the same seller and could be purchased for a total of approximately 2.6 acres. Please do not disturb tenants.
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