About 108 Melody Lane (d-1,d-2,d-3)
**Investment Opportunity - Three Townhomes Sold as One Portfolio**
Excellent opportunity to acquire an income-producing investment portfolio consisting of three townhomes being sold together on one parcel in the Holston Villas community. D-1, D-2, and D-3. This portfolio offers stable cash flow with a proven history of reliable, long-term tenants and consistent on-time rental payments.
Each townhome features approximately 1,466± square feet--significantly larger than many comparable units in Holston Villas--offering 2 bedrooms, 2 full bathrooms, including a primary en-suite, an open-concept living and dining area, functional kitchen, front and rear patios, a dedicated laundry/storage room, and generous interior storage. Each unit has one spot plus plentiful overflow parking. Each unit has its own laundry room located off the bedroom.
Recent owner-funded capital improvements include a new roof (2024) and complete renovation of Unit D-1. A detailed maintenance history is available upon request. Video walkthroughs are coming soon.
The property is individually deeded and owned by Delta Management Properties, LLC and is located within the Holston Villas Homeowners Association. The parcel includes the corner of King College Road and Melody Lane, the upper parking area, and extends along the north side of the sidewalk. A boundary survey is available.
Current ownership maintains an independent insurance policy rather than participating in the HOA master policy. HOA is $180 per month for the all three units. It includes snow removal, shared dumpster, and grass cutting. Property tax information, insurance costs, survey, maintenance records, and additional financial documentation are available to qualified buyers upon request.
With oversized floor plans, recent capital improvements, established tenancy, and a strong rental history, this is an outstanding opportunity to acquire a stabilized, turnkey investment in the Bristol market. Located across the street from the new fire station and elementary school. A short drive or bike ride to King University. This investment has a very low history of vacancy.
