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3 MULTI FAMILY RESIDENCES NEARBY HARDROCK 2412-2416 Bradley St 3 Unit Apartment Building $499,000 ($166,333/Unit) 8.26% Cap Rate Bristol, VA 24201
Investment Highlights
- NEW Rennovations!
- 3 Separate Homes!
- Bristol offers an abundance of outdoor attractions. hiking, boating, world class fishing.
- Walking Distance to HardRock Casino & Hotel Bristol
- Option to Do long term or short term rentals. Could rent by Room and increase Revenue even more!
- Bristol is the Birthplace of Country Music and offers NASCARs Bristol Motor Speedway
Executive Summary
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.
• Bradley #2 - A leased 1-bedroom, 1-bath home with a living room, dining room, and an additional flex room that could serve as a second bedroom.
• Bradley #3 - A 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.
• Expansion Potential - There is additional unfinished space with room to build another studio apartment.
Investment Highlights:
• Flexible Income Potential - Bradley #1 and Bradley #3 are rented to allow for buyer flexibility. Bradley #2 is taking applications now. Revenue estimates are based on long-term rental rates, but short-term rentals could significantly boost returns. GRM, CAP, and NOI are based on $3592/mo gross rent, which in this market is average for like properties.
• 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
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.
• Bradley #2 - A leased 1-bedroom, 1-bath home with a living room, dining room, and an additional flex room that could serve as a second bedroom.
• Bradley #3 - A 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.
• Expansion Potential - There is additional unfinished space with room to build another studio apartment.
Investment Highlights:
• Flexible Income Potential - Bradley #1 and Bradley #3 are rented to allow for buyer flexibility. Bradley #2 is taking applications now. Revenue estimates are based on long-term rental rates, but short-term rentals could significantly boost returns. GRM, CAP, and NOI are based on $3592/mo gross rent, which in this market is average for like properties.
• 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
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $499,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $166,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.95 AC |
| Cap Rate | 8.26% | Building Size | 2,817 SF |
| Gross Rent Multiplier | 8.63 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1951/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R - Residential | ||
| Price | $499,000 |
| Price Per Unit | $166,333 |
| Sale Type | Investment |
| Cap Rate | 8.26% |
| Gross Rent Multiplier | 8.63 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 2,817 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2025 |
| Opportunity Zone |
Yes |
| Zoning | R - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Range
- Sunroom
- Carpet
- Breakfast Nook
- Deck
- Dining Room
- Family Room
- Linen Closet
- Patio
- Porch
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,492 | 1,100 |
| Studios | 1 | $900.00 | 700 - 900 |
| 1+1 | 1 | $1,200 | 950 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $311,600 | |
| Land Assessment | $58,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $253,600 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$58,000
Improvements Assessment
$253,600
Total Assessment
$311,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3 MULTI FAMILY RESIDENCES NEARBY HARDROCK | 2412-2416 Bradley St
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