200 E WATAUGA AVE JOHNSON CITY, TN 37601

Features

• Price/sqft: $276
• Lot Size: 0.15 acres
• Total Units: 6
• Stories: 200
• Roof Type: Composition Shingle
• Heating: Heat Pump

Facts

• Year Built: 01/01/1920
• Property ID: 862004786
• MLS Number: 9967093
• Parcel Number: 046K-N-018.00
• Property Type: Commercial
• County: Washington

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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.