Lee Garden Apartments in Bristol, Virginia is now Available For Sale. This community is located on 7.35 beautiful acres with six stately brick buildings housing 52 Apartment Units. This prime location overlooks the twin cities of Bristol, VA & TN...the only city in the USA whose downtown is split exactly down the middle between two states. Tenants have quick access to a bustling downtown area. Mouth-watering restaurants and ample things to see and do make BRISTOL a good place to live. The community is enjoying a stable occupancy and immediate activity when the units become available. In the past 36 months, 35 apartments have been renovated with 17 remaining to finish. The current owner has turned over the rent roll, eliminating unfavorable tenants, and stabilizing at market rents. Competitive Unit mix of 1, 2, and 3 Bedrooms. Landlord pays for the Water, Sewer, & Trash Pick-Up. Tenants pay for their own Electric, Gas, Phone, Internet, TV Cable. Make this smart investment in 2020.
Listing courtesy of Southfork Realty LLC.