200/04/206 East Watauga Avenue, Johnson City, TENNESSEE

$1,900,000

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9,886

Square feet

0.55

Acres

About 200/04/206 East Watauga Avenue

Attention Investors! Original price is back up since one building is back on the market. This is a package deal but also each building can b purchased separately. Here is your chance to own 16 units in Johnson City, Tennessee. This complex is less than 3 miles from ETSU and less than 5 miles from Milligan University. This portfolio includes 3 separate buildings that have been converted into apartments. The addresses are: 200, 204, 206 E Watauga Ave. 200 E Watauga is composed of 6-1 bedroom/1 bath apartments. These units have separate electrical meters for each unit. 204 E Watauga is composed of 6-1 bedroom/1bath apartments. These also have separate electrical meters for each unit. 206 E Watauga is composed of 3-(1 bedroom/1 bath) apartments and 1- (3bedroom/1bathroom) apartment. These units share all utilities(electric/water/internet/trash/sewer) and the three bedroom has this cost factored into the rent, the other three units pay a 150 utility fee to offset the costs since the landlord pays the utilities. This building has a laundry room for all units to use. The washer and dryer are currently leased and can be taken over by the new owners. The owner has spent a great deal in capital expenditures improving the units. This includes completely remodeling 6 units with new flooring, new paint, new updated bathrooms, new appliances, new custom cabinetry, new countertops, and new PTAC units when needed. The remaining units were updated/refreshed with new floor, new paint, and new appliances as needed. The property is being professionally managed by a local property management company.

Features of 200/04/206 East Watauga Avenue

MLS® # 9962524
Price $1,900,000
Bathrooms 0.00
Square Footage 9,886
Acres 0.55
Year Built 1920
Type Multi-Family
Sub-Type Multi-Family
Status Active

Community Information

Address 200/04/206 East Watauga Avenue
Area 302 - NE Johnson City
City Johnson City
County Washington
State TENNESSEE
Zip Code 37601

Amenities

Garages Parking Spaces
View Mountain(s)
Is Waterfront No

Interior

Interior Features Remodeled, Smoke Detector(s)
Appliances Refrigerator
Heating See Remarks, Other
Cooling Window Unit(s), See Remarks
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Vinyl Siding, Wood Siding
Exterior Features Balcony
Lot Description Level2
Roof Shingle
Construction Site Built2

School Information

Elementary North Side
Middle Liberty Bell
High Science Hill

Additional Information

Date Listed February 28th, 2024
Days on Market 138
Zoning RO 1
Foreclosure No
Short Sale No

Listing Details

OfficeTrue North Real Estate

Listing Map

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