Cash-flowing triplex in the heart of Bristol! Take advantage of this opportunity to invest in a renovated, well maintained property moments away from everything in Bristol.
*Upstairs units A and B were renovated from the studs, including all new wiring within the last 2 years
*Downstairs Unit C updated Summer 2023
*Metal roof and replacement windows installed within the last 2 years
*Brand new laundry room built on bottom level Spring 2023
*New gravel parking area for off street parking
Unit A: current rent $650, lease ends Aug 2024
Unit B: current rent $650, lease ends Mar 2024
Unit C: current rent $850, lease ends Feb 2025
This property is steps from Volunteer Pkwy, walking distance to Downtown Bristol, 2 miles to Bristol Casino, and 5 miles from Bristol hospital. Though it has been used as a long term rental, it could be used as mid-term or converted into short term rentals. Zoning is residential/commercial B3, allowing for multiple uses.
Estimated DSCR% 1.26-1.43 based on all units renting at market rent.
All information herein is deemed reliable but subject to buyer verification. Seller/Agent.