Description
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. Each unit has an identical layout. 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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0BEDS
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1.06ACRES
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0BATHS
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01/2 BATHS
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2,304SQFT
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$195$/SQFT
School Ratings & Info
Description
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. Each unit has an identical layout. 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.
© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-02-08T12:59:55.953.