FOR SALE0.54 ACRES
200 E Watauga Ave
Johnson City, TN 37601
West Davis Park
Studio
8,942 sqft (on 0.54 acres)
- Studio
- 8,942 sqft (on 0.54 acres)
Studio
8,942 sqft
(on 0.54 acres)
Local Information
© Google
-- mins to
Commute Destination
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.
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.
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
$212
Listed
58 days ago
Home Details for 200 E Watauga Ave
Interior Features |
|---|
Appliances & Utilities Appliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: See Remarks,OtherHas CoolingAir Conditioning: Window Unit(s),See RemarksHas HeatingHeating Fuel: See Remarks |
Fireplace & Spa No FireplaceNo Spa |
Windows, Doors, Floors & Walls Flooring: Vinyl, Luxury Vinyl, Hardwood, Laminate |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Vinyl, Luxury Vinyl, Hardwood, Laminate |
View Has a ViewView: Mountain(s) |
Security Security: Smoke Detector(s) |
Exterior Features |
|---|
Exterior Home Features Roof: ShinglePatio / Porch: PorchExterior: BalconyNo Private Pool |
Parking & Garage No CarportNo Attached GarageNo Open ParkingParking: Parking Spaces |
Water & Sewer Sewer: Public Sewer |
Days on Market |
|---|
Days on Market: 58 |
Property Information |
|---|
Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Other,See Remarks |
Building Construction Materials: Vinyl Siding, Wood SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Condition: Updated/Remodeled, Above AverageParcel Number: 046k N 018.00/046k N 019.00/046k N 020.00 |
Price & Status |
|---|
Price List Price: $1,900,000Price Per Sqft: $212 |
Active Status |
|---|
MLS Status: Active |
Location |
|---|
Direction & Address City: Johnson City |
School Information Elementary School: North SideJr High / Middle School: Liberty BellHigh School: Science Hill |
Agent Information |
|---|
Listing Agent Listing ID: 9962524 |
Building |
|---|
Building Area Building Area: 8942 Square Feet |
Lot Information |
|---|
Lot Area: 0.54 acres |
Offer |
|---|
Listing Terms: Cash, Conventional |
Compensation |
|---|
Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
|---|
Mls Number: 9962524 |
Last check for updates: about 12 hours ago
Listing courtesy of Matthew McCrory, (423) 806-0702
True North Real Estate, (423) 210-4155
Source: TVRMLS, MLS#9962524
Price History for 200 E Watauga Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 02/29/2024 | $1,900,000 | Listed For Sale | TVRMLS #9962524 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $3,390 |
| Assessment | $218,400 |
Home facts updated by county records
Comparable Sales for 200 E Watauga Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.49 | Multi-Family Home | $1,566,667 | 12/31/23 | - | - | ||
0.32 | Multi-Family Home | $110,000 | 07/26/23 | - | - | ||
0.38 | Multi-Family Home | $480,000 | 03/15/24 | - | - | ||
0.63 | Multi-Family Home | $205,000 | 11/28/23 | - | 1,520 | ||
1.10 | Multi-Family Home | $340,000 | 01/05/24 | - | 4,128 | ||
1.02 | Multi-Family Home | $400,000 | 08/09/23 | - | 3,068 | ||
0.74 | Multi-Family Home | $140,500 | 07/14/23 | - | 720 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about West Davis Park
- Trulia User
- Resident
- 2y ago
"The commute is very nice. There are local stores within walking distance. The transit is right in the neighborhood."
- KWB
- Resident
- 3y ago
"Close to a bus line and within walking distance of downtown and the mall. Less than a mile to expressway access. "
- Laineyhoward
- 10y ago
"Great place to live. Nice quiet neighborhood. Friendly neighbors. Convenient to all Johnson City has to offer."
- Sherry F.
- 11y ago
"I have lived in the this area for 8 years in the Carver Community and have walked the surrounding Streets to IGA Dollar Store and to North Side School for 8 years Early mornings to late evening and has felt some what safe. I know many people in the community by face and to speak to as I am in this area every day:)"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Matthew McCrory, True North Real Estate
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited
Listing information is deemed reliable, but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
200 E Watauga Ave, Johnson City, TN 37601 is a studio, 8,942 sqft multi-family built in 1920. 200 E Watauga Ave is located in West Davis Park, Johnson City. This property is currently available for sale and was listed by TVRMLS on Feb 29, 2024. The MLS # for this home is MLS# 9962524.