204 East Watauga Avenue
204 East Watauga Avenue, Johnson City, TN 37601
$1,590,000
MLS# 10000670
Listing courtesy of eXp Realty, LLC · Matthew McCrory
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About this property
Attention Investors! Here is your chance to own 16 fully occupied 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. The water/wifi/trash and sewer are paid by the owner but a utility charge is charged to the tenants for compensation. 204 E Watauga is composed of 6-1 bedroom/1bath apartments. These also have separate electrical meters for each unit. These units have separate electrical meters for each unit. The water/wifi/trash and sewer are paid by the owner but a utility charge is charged to the tenants for compensation. 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 utility fee to offset the costs since the landlord pays the utilities. This building has a laundry room for all units to use located on the ground level of building 206. 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, updated plumbing, and new appliances as needed. The property is being professionally managed by a local property management company.
Subdivision: Not In Subdivision
MLS #10000670 · Tennessee/Virginia Regional MLS
Property facts
- Status
- Active
- Property type
- Commercial Sale
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- 8,942 sq ft
- Lot size
- —
- Year built
- 1,920
- County
- Washington
- Price / sq ft
- $178/sq ft
- Days on market
- 0
- MLS number
- 10000670
- Listing office
- eXp Realty, LLC
Location
204 East Watauga Avenue, Johnson City, TN, 37601
Listing data courtesy of Tennessee/Virginia Regional MLS
Listing content is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spring Mountain Realty PLLC. All measurements, acreage, room counts, and permitted uses are approximate and should be independently verified by the buyer.
Properties marketed by brokerages other than Spring Mountain Realty PLLC are identified with the listing office name. Listings that a seller has excluded from internet display are not shown, and addresses are withheld where the seller has requested it.
Spring Mountain Realty PLLC is an Equal Housing Opportunity brokerage. We do not provide guidance on schools, demographics, or the composition of any area. Buyers are encouraged to research those subjects using independent public sources.
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