204 East Watauga Avenue, Johnson City, TN 37601

$720,000
List Price
$720,000
MLS#
9967095
Status
ACTIVE
Subdivision
Not In Subdivision
Year Built
1925

Property Description

204 E Watauga is composed of 6 - (1bedroom/1bath) apartments. This property has a 7% cap rate and is fully rented with a gross income of $69,300. 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
110 X 115 IRR
Style
Other
Interior Features
Balcony, Eat-in Kitchen, Kitchen Island, Laminate Counters, Remodeled, Smoke Detector(s), Storm Door(s)
Exterior Features
Balcony
Appliances
Electric Range, Refrigerator
Flooring
Vinyl, Luxury Vinyl, Ceramic Tile
Roof
Shingle
Heating
Other
Cooling
Wall Unit(s)
Utilities
Cable Connected
Elementary School
North Side
Middle School
Liberty Bell
High School
Science Hill

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of True North Real Estate.