601 Holston AVE Bristol, TN 37620
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 10002240
Style Traditional
HOA Y/N No
Year Built 1920
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 36 X 140
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
Featuring three separate units, the property has benefited from substantial improvements over the years. Both upstairs units were previously renovated down to the studs, including updated electrical wiring, while the downstairs unit was updated in 2023. More recent improvements include updated plumbing work and replacement of the sewer line to the street. Additional features include a shared laundry room and off-street gravel parking.
The property currently has three long-term tenants in place, all on month to month rental agreements, offering flexibility for a future owner.
Current Rental Income:
Unit A: $700/month (water included)
Unit B: $700/month (water included)
Unit C: $1,000/month (electricity, water, and internet included)
Currently generating $2,400 per month in gross rental income ($28,800 annually), the property offers an opportunity for an owner-occupant live in one unit while collecting rent from the other two, or continue renting all three units.
Conveniently located just off Volunteer Parkway, within walking distance of Downtown Bristol, and approximately 2 miles from Bristol Casino. Bristol Regional Medical Center is also just a short drive away.
The property is zoned B-3, potentially offering additional opportunities beyond traditional long-term rentals, subject to local zoning regulations and buyer verification.
Enjoy the convenience of living close to everything Bristol has to offer while having the potential for rental income.
All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information. Property sold as-is.
Location
State TN
County Sullivan
Community Not In Subdivision
Area 0.12
Zoning B 3
Direction From I-81, take Exit 3 toward Bristol. Continue onto Commonwealth Avenue, which becomes Volunteer Parkway. Turn right onto Windsor Avenue, left onto 9th Street, then left onto Wilson Avenue. Property is located at the corner of Wilson Avenue and Holston Avenue, 601 Holston Avenue, Bristol, TN 37620
Rooms
Basement Partial
Interior
Heating Electric, Radiant, Electric
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Vinyl, Tile, Hardwood
Window Features Double Pane Windows
Appliance Dryer, Electric Range, Refrigerator, Washer
Heat Source Electric, Radiant
Exterior
Parking Features Gravel
Roof Type Metal
Topography Sloped, Level
Porch Porch, Rear Porch
Building
Entry Level One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Anderson
Middle Schools Vance
High Schools Tennessee
Others
Senior Community No
Tax ID 020e E 016.00
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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