200 East Watauga Avenue, Johnson City, TN 37601

$720,000
List Price
$720,000
MLS#
9967093
Status
ACTIVE
Year Built
1920

Property Description

200 E Watauga is composed of 6-(1 bedroom/1 bath) apartments. This property has a 7% cap rate fully rented, with a gross income of $71,700. These units have separate electrical meters for each unit with tenants paying their own electricity. Tenants pay a utility charge to offset the expense of water, sewer, trash, and internet. The majority of these units have been updated with new appliances, new floors, new bathrooms, and new kitchens. The property is being professionally managed by a local property management company (Casa Haven Property Management) and would be willing to continue to work with the new owners for a smooth transition.

Additional Information

Lot Dimensions
55 X 115
Style
Other
Interior Features
Balcony, Eat-in Kitchen, Remodeled, Smoke Detector(s), Storm Door(s)
Appliances
Range, Refrigerator
Flooring
Luxury Vinyl, Ceramic Tile
Roof
Shingle
Fireplaces
1
Heating
See Remarks
Cooling
Other
Elementary School
North Side
Middle School
Liberty Bell
High School
Science Hill

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of True North Real Estate.