2637 Highway 11W, Bristol, TN 37620 (MLS# 1257480)


$3,425,000
2637 Highway 11W
Bristol, TN 37620
MLS# 1257480



2637 Highway 11W, Bristol, TN 37620
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Property Description
This is a 20 unit townhome project consisting of 2 bed, 1.5 bath units. There have been MANY updates, the units are 100% occupied., and there is still plenty of room for increase in the rents as units are turned. There is also a 2 bed, 2 bath single family home with a large detached garage, and an income producing billboard on the property as well. Totaling nearly 7 acres, there is potential here for more multifamily development as there is a lack of quality rental units in the area. The property is located just minutes from Downtown Bristol, the Pinnacle Shopping Center, Bristol Motor Speedway, Bristol Medical Center, Bristol Casino, and I-81.

Details
Maps
Location, Tax & Legal Info
House #: 2637
Street Name: Highway 11W
State/Province: TN
Zip Code: 37620
Area: Sullivan County
City/County Code: County
PIN #: 018 101.00
Total Tax: 699.9
Geo Lat: 36.581001
Geo Lon: -82.313914
Contract Info
Auction Y/N: No
Listing Price: 3425000
Current Price: $3,425,000
Status: Active
Listing Date: 2024-03-29
Cooperation Comp: 2.5
Compensation Type: %
General Property Description
Lot Dimensions: 6.9 Acres
Number of Units: 21
Year Built: 1989
Property Status: N/A
Driveway: Paved
Lease Information: 1 YR - Mo to Mo
Remarks & Misc
Directions: East on I-81 to North on 11W to property on RT.
Public Remarks: This is a 20 unit townhome project consisting of 2 bed, 1.5 bath units. There have been MANY updates, the units are 100% occupied., and there is still plenty of room for increase in the rents as units are turned. There is also a 2 bed, 2 bath single family home with a large detached garage, and an income producing billboard on the property as well. Totaling nearly 7 acres, there is potential here for more multifamily development as there is a lack of quality rental units in the area. The property is located just minutes from Downtown Bristol, the Pinnacle Shopping Center, Bristol Motor Speedway, Bristol Medical Center, Bristol Casino, and I-81.
Status Change Info
Status Change Date: 2024-03-29
Property Features
Property Sub-Type: Apartment
Type of Units: 2 Bedroom Unit; Townhouse
Sale Includes: Building and Land
Floors: Carpet; Laminate
Tenant Expenses: Tenant Pays All Util
Owner Expenses: Advertising; Insurance; Lawn Maintenance; Taxes; Trash Collection
Fuel: Other Fuel
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Frame
Roof: Metal
Siding: Vinyl
Garage/Parking: On Premise Parking
Other Rooms: Other
New Financing: Cash; Conventional
Showing: See Agent Instructns

Listing Office: SVN I Wood Properties

Last Updated: May - 07 - 2024

2637 Highway 11W, Bristol, TN 37620 - MLS# 1257480
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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