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311 12th Street, Bristol, TN 37620

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For Sale

$674,900

8 beds4 baths3,000 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $224.97
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Investment Highlights: A Century-Old Manor in a Revitalized Location This commercially zoned, turn-key 4-plex is located in the heart of Bristol, a city experiencing a massive economic and tourism boom. Situated on the Greenway and minutes from the permanent Hard Rock Hotel & Casino, this property offers incredible earning potential. While currently cash-flowing with long-term leases, it is ready to be transitioned into a high-yield furnished rental for traveling nurses, Airbnb guests, or retained as a profitable long-term rental. Versatile Income Streams for Maximum ROI Proven Success as an Airbnb: With a prime location near the new Hard Rock Casino, downtown Bristol, and the Greenway, the property has a history of high-demand bookings from tourists. This market continues to expand as the city grows as a tourist destination. Ideal for the Traveling Nurse Market: The property's furnished status makes it an excellent candidate for the lucrative traveling healthcare housing market. With active hospitals and medical centers nearby, this investment offers a steady stream of mid-term rental opportunities. Consistent Long-Term Cash Flow: With a current 10% cap rate and professional management already in place, this property is generating $57,600 annually from active leases. Investors can enjoy passive income from day one while deciding on the optimal strategy. Historic Charm Meets Modern Upgrades Historic Character: Built in 1920, this charming manor boasts over 3,000 square feet and is full of original details. Features include original hardwood floors, stunning 10-foot ceilings, plaster walls, and four art deco fireplaces that showcase the home's timeless elegance. Move-in Ready Condition: The property has been recently upgraded for modern efficiency and security. A new roof, double-paned windows, digital locks, and a cloud-based security system ensure comfort and peace of mind for both tenants and investors. Turn-Key Operation: The property is fully furnished and comes with a digital asset (presumably a website, booking accounts, or a management system) to facilitate seamless ownership. Growth Potential: A Buildable Commercial Lot Expand Your Portfolio: The purchase includes two parcels totaling 0.31 acres. The second commercial city lot offers a unique opportunity for future expansion, providing flexibility to build another unit, a commercial space, or sell it for a separate profit. Tap into a Growing Market: Bristol's economy is on the rise, driven by the Hard Rock Hotel & Casino. Investing in this property positions you to benefit directly from the area's increasing tourism and economic activity. Don't miss this rare opportunity to own a piece of Bristol's history with the potential for multiple, high-yield revenue streams. Contact us today to learn more and schedule a private showing. ********************************************** We guarantee the sale of your home or we will buy it!* This property comes with $22,000+ in savings, guaranteed! We offer a stress free move that can happen immediately. If you are not completely satisfied with your investment at 24 months, we'll buy it back or sell it absolutely free-no questions asked. That's a $16,000+ value to our VIP buyers! We can even buy your current home so you can move in right away, so you don't get stuck owning two homes. Contact us today for a complimentary consultation and to get started. *******************************************Contact us today to get more information about this exclusive offer! Our properties include a 12-month limited home warranty ($660) value, $2,500 lender credit for qualifying buyers using our preferred lender, Free appraisal for qualifying buyers using our preferred lender, $300 title attorney credit, and $100 home inspection credit with our preferred vendor for our VIP buyers. *Seller and Tannor must agree on price and possession date.
MLS# 11576696

Courtesy Of Your Home Sold Guaranteed Realty TN

(865) 365-1670

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Stone, Vinyl Siding
  • Floor Covering
    Hardwood
  • Heating System
    Baseboard
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 311 12th Street, Bristol, TN 37620
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