About 2412,14,16 Bradley Street
Prime Multi-Unit Investment Opportunity -Located Across from Hard Rock Casino & Hotel Bristol!
Located at 2412, 2414, & 2416 Bradley St., Bristol, VA, this versatile income-producing property features three distinct residences with additional expansion potential, all within walking distance of the Hard Rock Casino & Hotel. Whether you're looking for long-term rentals, short-term Airbnb potential, or a mix of both, this property is an incredible investment in Bristol's rapidly growing market.
Property Features:
• Bradley #1 - A remodeled 3-bedroom, 1-bath home featuring a living room, dining room, galley kitchen, sunroom, and deck. Currently leased: Gross $18000/yr
• Bradley #2 - A remodeled 1-bedroom, 1-bath home with a living room, dining room, and an additional flex room that could serve as a second bedroom. Currently Leased: $14,400/yr
• Bradley #3 - A remodeled with brand-new buildout studio apartment featuring 1 bedroom, 1 bath, a living room, a kitchen, and expansive deck for relaxing on those sweet Bristol evenings. Currently Leased $10,800/yr
• Expansion Potential - There is additional partially updated/finished space with room to build another studio apartment or use for storage. Much of the work has been completed. This completion would add another $10,800 to your annual income.
---3 Parcels. Buyer may choose to re-survey the lots if wanted to sell smaller parcels. Could also add additional builds.
---It is already priced for a 10.16 % GRM at the asking price WITHOUT finishing the 4th apartment. This is based on $43200/year -- So, add $10,800 more for the forth unit and have a 12.7% GRM.
The cap rate is 9.6% at the list price as it sits. ($40,652/yr, net revenue).
Investment Highlights:
• Flexible Income Potential - Currently fully leased. Revenue estimates are based on long-term rental rates, but short-term rentals could significantly boost returns.
• Unbeatable Location - Bradley Street is directly across from the main entrance to Hard Rock Casino & Hotel Bristol, ensuring high visibility and rental demand.
Tourism & Attractions - Close to top Bristol destinations, including:
• Hard Rock Casino & Hotel
• Bristol Motor Speedway
• Birthplace of Country Music Museum
• Rhythm & Roots Reunion Music Festival
• World-class trout fishing, hiking, biking trails, and
lakes
• Only 90 minutes from Pigeon Forge/Gatlinburg/Dollywood & 2 hours from Knoxville, TN
Buyer and Buyer agent to verify all info.
