For Sale
$375,000

948 Anderson StBristol, TN 37620

Prime location, 3-unit rental, immediate income.

Overview

Added:
Feb 3
Days on market:
61
This charming three-unit multi-family property, situated on a 0.23-acre lot at 948 Anderson Street in Bristol, TN, presents a compelling investment opportunity. The 1,696 square foot building boasts five bedrooms and three full bathrooms, with each unit featuring its own kitchen and living space. Unit 1 offers two bedrooms and one bathroom, while Units 2 and 3 each include two bedrooms and one bathroom. A shared laundry facility is conveniently located on the premises. The property benefits from recently installed features including a new roof and eaves, and a new hot water heater, ensuring peace of mind for both owner and tenants. The flooring is a pleasing mix of hardwood and other materials. Natural gas is available, with each unit separately metered for efficient utility management. Currently, all three units are fully leased, generating immediate rental income. Its prime location offers easy access to downtown Bristol, The Pinnacle Bristol, the local hospital, Bristol Motor Speedway, King University, and Steele Creek Park. This property is ideally suited for various uses, including a primary residence with rental income, a purely investment property for long-term rentals, or even short-term rentals via platforms like AirBNB or VRBO. The property's strong rental history and desirable location make it an exceptional opportunity for investors seeking immediate returns and long-term growth. All information is deemed reliable but should be verified by the buyer.

Property Details for 948 Anderson St

Property type
Square Feet
1,696 SF
Year Built
1910
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Bristol
County
Sullivan
State
Tennessee
Latitude
36.59204
Longitude
-82.19101
948 Anderson St, Bristol, Tennessee

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948 Anderson St
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