1211 Broad Street

Description

$81/square foot! Yes $81/Square foot!! Who says you can't get a 10% Net Return? This property has that history when fully leased. Do NOT miss out on this opportunity to own a 2394 square foot, three apartment (TRIPLEX) home in downtown Bristol, TN. Selling AS IS, for CASH OR CONVENTIONAL buyer. Built in 1900 this triplex is complete with one-studio unit (apt 1 on left) and a two bedroom unit (apt 2 on right) on the first floor. The third unit (up stairs) has two or three bedrooms, depending on use (all have closets and windows). Each unit has a private entrance from the interior of the home. All units are spacious and are equipped with a refrigerator and stove for the tenants. The first floor units are currently leased. The second floor large 3rd apartment has been partially remodeled, and has remaining materials onsite for completion by buyer. Electrical for apt 3 has been completed by seller and successfully inspected by city codes officials. The kitchen cabinets, windows , refrigerator, stove, bathroom sink, subfloor and laminate floor are on site, ready for your install. All are included in the sale price. The tenants pay electric. Landlord pays for water monthly and the oil annually for the furnace that heats the homes. No washer/dryer hookups nor central A/C units. New owner pays for the pest control annually and maintaining the lawn. Rent for all three units ranges from $650- $750 per month per unit. The return has been over net 10.6% when fully rented. This unpolished home will love your TLC or continue to rent as is, and update as you desire. Tenants require 4 hour notice to see home. Please knock before entering as two tenants are home in daytime. Keys in Supra box, Appointments by Showingtime. Home is being sold AS IS. Buyer/Buyers agent to verify all information.