Matthew Mccrory
This listing was posted on RealtyWW.
$1,900,000
Home For Sale In Johnson City, Tennessee
Price:
$1,900,000
BR/BA:
3 BR, 1 BA
Location:
200 E Watauga Ave, Johnson City, TN
Description:
Attention Investors! 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. All together the property brought in an annual gross income of $138, 820.77 for 2023. More units have since been remodeled and with current market rents, this property's forecasted annual gross income is $182, 000. 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 4 units with shared utilities. 1-3 bedroom/1bath apartment 3-1bedroom/1bath apartment The owner has spent over 200k 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 (Casa Haven Property Management) and would be willing to continue to work with the new owners for a smooth transition. For initial showings buyers may see vacant units, and will be able to get into all units during the inspection.For more details: https://realtyww.info/homes_johnson-city-d524494/for-sale_i71230256
Property Type:
Single-Family Houses
Posted:
April 30 on RealtyWW
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More About this Listing: Home For Sale In Johnson City, Tennessee
Home For Sale In Johnson City, Tennessee is a Three Bedroom One Bath Single-Family Homes for Sale at 200 E Watauga Ave in Johnson City TN. Find other listings like Home For Sale In Johnson City, Tennessee and listings near 200 E Watauga Ave by searching Oodle Classifieds for Three Bedroom One Bath Single-Family Homes for Sale in Johnson City TN.
Home For Sale In Johnson City, Tennessee is a Three Bedroom One Bath Single-Family Homes for Sale at 200 E Watauga Ave in Johnson City TN. Find other listings like Home For Sale In Johnson City, Tennessee and listings near 200 E Watauga Ave by searching Oodle Classifieds for Three Bedroom One Bath Single-Family Homes for Sale in Johnson City TN.