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Off market
  • $264,400

    1201 Fairmount Ave, Bristol, VA 24201

    --beds
    0baths
    1,934sqft
    MultiFamily
    Built in 1925
    -- sqft lot
    $264,400 Zestimate®
    $137/sqft
    $1,158 Estimated rent

    Home value

    $264,400

    $235,000 - $299,000

    $1,158/mo

    Zestimate® history
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    $1,590/mo

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    $1,590/mo

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    What's special

    Opportunity knocks! Within walking distance of Downtown Bristol and surrounding area! A beautiful, completely remodeled & turnkey investment property with immediate income generating potential! Apartment #1 enters from the welcoming front porch of this 1920's Bungalow. Offering 1 or 2 bedrooms, ample sized living room, large kitchen that includes refrigerator, electric range, dishwasher and large pantry, a laundry nook and bathroom. High ceilings add to the charm! Heating source is natural gas and a forced air furnace. Apartment #2 enters from the cozy rear entrance, with off street parking, unveiling an updated kitchen, living room, bedroom, large closet and full bathroom. A new electric heat pump installed January 2020. Apartment #3 ascends the newly reconstructed exterior stairs to a quaint loft! Enter the open concept living room andkitchen, functional bathroom, and then a large private bedroom with a large closet. Additional bonus room/storage space perfect for a bicycle, small desk workspace, or an extensive wardrobe. Package heat/AC unit added March 2020. Impressive income potential is evident, whether you choose long term rentals, Airbnb short term rentals, or you live in one unit and rent the other two, this property provides flexibility for any investor. Most recent improvements in 2020 include: new metal roof, new heat pump for apartment #2, new package unit apartment #3, major plumbing redo, new laminate wood flooring throughout, and fresh light colored paint everywhere. Location! Location! Location! Approximately a 7 minute drive to the proposed Hard Rock Resort and Casino site! Within walking distance of Walgreens Pharmacy, Food City on Euclid, many restaurants and Downtown Bristol! Home is listed on the Historic Registry. Owner/Agent. Information compiled from multiple sources and should be verified by Buyer/Buyer's Agent.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Heat pump, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    Features
    • Kitchen/Dining Combo, Open Floorplan, Remodeled
    • Flooring: Laminate, Linoleum / Vinyl
    • Windows: Double Pane Windows
    • Basement: Unfinished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,934 sqft

    Property

    Features
    • Patio & porch: Porch
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 4,791 sqft
    • Features: Level
    Details
    • Parcel number: 265114
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    Materials
    • Foundation: Crawl/Raised
    • Roof: Metal
    Condition
    • Above average
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Bristol

    Other

    Other facts
    • Roof: Metal
    • Sewer: Public Sewer
    • WaterSource: Public
    • Heating: Forced Air, Electric, Natural Gas, Central
    • Appliances: Dishwasher, Refrigerator, Electric Range
    • FireplaceYN: true
    • Basement: Unfinished
    • ZoningDescription: Residential
    • HeatingYN: true
    • Flooring: Laminate, Vinyl
    • CoolingYN: true
    • PropertyCondition: Above average
    • ConstructionMaterials: Vinyl Siding, Drywall
    • WindowFeatures: Double Pane Windows
    • Cooling: Heat Pump, Window Unit(s), Central Air
    • LotFeatures: Level
    • FoundationDetails: Block
    • OperatingExpenseIncludes: Utilities
    • NumberOfBuildings: 1
    • ArchitecturalStyle: Bungalow
    • PatioAndPorchFeatures: Porch
    • CommunityFeatures: Sidewalks
    • SecurityFeatures: Smoke Detector(s)
    • InteriorFeatures: Kitchen/Dining Combo, Open Floorplan, Remodeled
    • NumberOfUnitsTotal: 3.00
    • StructureType: Site Built
    • MlsStatus: Contingent - Show
    • TaxAnnualAmount: 842.52

    Price history

    DateEventPrice
    10/2/2020Sold$155,000-6.1%$80/sqft
    Source: TVRMLS #9907312 Report a problem
    8/4/2020Pending sale$165,000$85/sqft
    Source: Red Door Agency #9907312 Report a problem
    4/27/2020Listed for sale$165,000+105.5%$85/sqft
    Source: Red Door Agency #9907312 Report a problem
    8/29/2019Sold$80,300+73.8%$42/sqft
    Source: Public Record Report a problem
    12/25/2012Sold$46,200$24/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,677 +52.6%$287,800 +83.8%
    2024$1,754 -4.3%$156,600
    2023$1,832 +4.5%$156,600
    2022$1,754 $156,600 +149.4%
    2021$1,754 +138.7%$62,800
    2019$735 +100%$62,800
    2018$367 $62,800
    2016-- --
    2015-- --
    2012-- --
    2011-- --
    2010-- --
    2009-- --

    Find assessor info on the county website

    Neighborhood: 24201

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Washington Lee Elementary
    • Middle: Virginia
    • High: Virginia

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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