TN
Sullivan
Bristol
37620
311 12th Street
311 12th Street, Bristol, TN 37620
Share Listing
Listing Type
Multi Family
Listing Status
active
58
$674,900

Home Details for 311 12th Street

Price
$674,900
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.31
County
Sullivan
Garage
Basement
Walk-Out Access
Days on site
1
MLS Listing#
9987614
Property Description

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.

Property Features
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • House Interior
    • Other
  • Parking
    • Parking Pad
  • Basement
    • Walk-Out Access
School Information
School Information for 311 12th Street, Bristol, TN 37620
Elementary School
Anderson
Middle School
Vance
High School
Tennessee
Listing Courtesy: Your Home Sold Guaranteed Realty - 865-365-2280
Presented by: Noah Burkham
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Tennessee Virginia Regional MLS. All Rights Reserved.
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Market statistics compiled from data from Tennessee Virginia Regional MLS.
EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
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423 806 0400
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