Remarks

Welcome to ''THE CORNERSTONE'' building--- a mixed use opportunity and a true gem of Bristol history!! This 1910 historic brownstone structure boasts three stories with 12 residential units, and two main floor commercial spaces, along with an expansive unfinished basement area currently used as workshop space and storage. The Cornerstone is located just off of State Street, within walking distance to all that downtown Bristol has to offer in the form of food, drink, and entertainment! Five of the 12 residential units are currently in use as short-term rentals, boasting a monthly average income of $5,135. The remaining residential units gross $8,792 monthly. Finally, the main level commercial space is sizable and full of natural light--- the perfect ''corner'' location for a potential salon, studio, aesthetician, etc. This space was previously rented at $1300 monthly with room for increase. This amazing opportunity in downtown Bristol is a true UNICORN, in that you won't find another historic property with this many residential units in the same footprint! She is a BEAUTY and she is a BEAST! If you're looking to make your mark and stake your claim on a fantastic investment opportunity in the Tri-Cities, take a look! The numbers don't lie, and there is potential for cash-flow increase with rent manipulation, further renovation, etc. What a SWEET spot in Bristol to grow your portfolio!

Details

MLS#: 9976783
Price: $2,000,000

Sq Ft: 13600
Year Built: 1910

County: Sullivan
Subdivision: Not In Subdivision
Lot Size: 51 x 82
Tax Fee: 1032.8800000000001