948 Anderson Street, Bristol, TN 37620

$375,000 Asking Price

5 beds
3 baths
1,696  sqft
Built in 1910

Charming 3-Unit Multi-Family Residence in Prime Bristol Location! Perfect for Living, Renting, or Investment! Conveniently located near Downtown Bristol with easy access to The Pinnacle Bristol, the local Hospital, Bristol Motor Speedway, King University, and Steele Creek Park. Property Overview: Total Bedrooms: 5 Total Bathrooms: 3 full bathrooms Laundry: Common area laundry facilities Utilities: Natural gas available, each unit separately metered. Unit Details: Unit 1: 2 bedrooms, 1 bathroom, kitchen, and dining area. Unit 2: 1 bedroom, 1 bathroom, kitchen, and living space. Unit 3: 2 bedrooms, 1 bathroom, kitchen, and living space. Key Features: New Roof & Eaves: Recently installed for worry-free living. New Hot Water Heater: Ensures reliable hot water supply. Newer Flooring: Mixture of hardwood and other materials, adding character and charm. Current Leasing Status: All units are fully leased, providing immediate rental income. Versatile Usage Options: Primary Residence: Live in one unit and rent the others for additional income. Investment Property: Ideal for long-term rentals, AirBNB, or VRBO. Flexible Scenarios: Numerous possibilities to fit your lifestyle and financial goals. This property is an excellent opportunity for investors or homeowners looking to capitalize on rental income in a desirable location. With all units currently leased, you can start earning income immediately. Whether you want to expand your rental portfolio, live in one unit while renting the others, or explore short-term rental opportunities, this multi-family residence offers endless possibilities. Don't miss out on this incredible investment opportunity! Schedule your showing today to explore all the potential this property holds. All Information is deemed reliable but should be verified by buyer or buyer's agent.

Features & Amenities

Interior

General:
Entrance Foyer, Laminate Counters
Basement:
Exterior Entry
A/C:
true, Ceiling Fan(s), Window Unit(s)
Heating:
true, Natural Gas, Space Heater

Exterior

Style:
Traditional

Construction

Roofing:
Asphalt, Shingle
General:
Aluminum Siding, Block, Brick, Two, Block

Location

Originating MLS:
Tennessee/Virginia Regional MLS
County:
Sullivan

Lot

Zoning:
Commercial, 020d J 024.00
View:
Mountain(s)

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Tennessee/Virginia Regional MLS

This listing courtesy of:
A Team Real Estate Professionals, Dave Smith

About Bristol, TN

Housing

Number of Units
18,520
Median Home Value
$146,423
Median Rent
$546

28.11% of housing units are renter occupied.

9.74% are vacant.

Commute

Car
82.09%
Public Transportation
0.29%
Walk to Work
0.95%
Work from Home
15.44%
Other
0.82%

The median travel time to work is 20 minutes.

People

Population
38,079
Median Age
43.80
Median Household Size
2.49

Education

High School
34.16%
Associate’s Degree
7.98%
Bachelor’s Degree
17.58%
Graduate Degree
8.53%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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