306 S Watauga

    Elizabethton, TN 37643
    • $1,275,000
    • STATUS: Active
    • ON SITE: 163 days
    • MLS #: 421381
    UPDATED: 69 min ago
    $1,275,000
    • 0
      BEDS
    • 0.91
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Four historic buildings in downtown Elizabethton which make up a unique multi-family portfolio, 32 units with great future income potential. As the town of Elizabethton begins to grow and develop downtown, an investor can get in on the front end of this growth with these historic, and ideally located buildings for passive income property. Charles Building: 306 S. Watauga (This property is on the same parcel as 327 S. Lynn Ave.) 10 Units total. 6 units are 2 bed rents are $450 to $495 per month , 1 bath, 4 units are 1 bed 1 bath rents are $395 to $375. The Lynn Apts: 327 S. Lynn Ave, 12 Units, all 1 bed 1 bath rents are $395-$425 per month.Nancy Apts: 308 S. Watauga 6 Units, all 1 bed 1 bath rents are $395 to $425 per month.Marilyn Apartments: 3204 E I Street, 4 units, all 1 bed 1 bath each rents are $400 per month.Coin laundry room attached to this building and an extra lot. at this time owners have been letting the tenants use the machines for free but they are coin laundry machines.These 32 units are full of opportunity for highest and best useAll apartments have new dual pane windows with the exception of the Marilyn has some new windows.32 units with a covered parking lot, on site parking and coin laundry room with extra lot on Marilyn Lot. The Lynn has a newer roof.

    Monthly Payment Calculator



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-10-20T10:59:48.857.
    www.house2homesearch.com/homes/94566782

    306 S Watauga Elizabethton, TN 37643

    • Price: $1,275,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 421381
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.91
    Acres
    1935
    Built
    Neighborhood:
    City Of Elizabethton
    County:
    Carter
    Area:
    City Of Elizabethton
    Elementary School:
    Mccormick
    Middle School:
    T A Dugger
    High School:
    Elizabethton
    Property Description
    Four historic buildings in downtown Elizabethton which make up a unique multi-family portfolio, 32 units with great future income potential. As the town of Elizabethton begins to grow and develop downtown, an investor can get in on the front end of this growth with these historic, and ideally located buildings for passive income property. Charles Building: 306 S. Watauga (This property is on the same parcel as 327 S. Lynn Ave.) 10 Units total. 6 units are 2 bed rents are $450 to $495 per month , 1 bath, 4 units are 1 bed 1 bath rents are $395 to $375. The Lynn Apts: 327 S. Lynn Ave, 12 Units, all 1 bed 1 bath rents are $395-$425 per month.Nancy Apts: 308 S. Watauga 6 Units, all 1 bed 1 bath rents are $395 to $425 per month.Marilyn Apartments: 3204 E I Street, 4 units, all 1 bed 1 bath each rents are $400 per month.Coin laundry room attached to this building and an extra lot. at this time owners have been letting the tenants use the machines for free but they are coin laundry machines.These 32 units are full of opportunity for highest and best useAll apartments have new dual pane windows with the exception of the Marilyn has some new windows.32 units with a covered parking lot, on site parking and coin laundry room with extra lot on Marilyn Lot. The Lynn has a newer roof.
    Exterior Features

    Exterior Finish BrickStucco Style 3+ Story

    Interior Features

    Cooling Window Unit

    Property Features

    Easements None Foreclosure YN No Gross Income 144180 Lot Size Dimensions .91 Multifamily Type Apt. Complex Net Income 101504 Operating Expenses 42675 Tax Amount 2836 Tax Town County 3914 Utilities Expenses 9731 Vacancy Rate 10 Water And Sewer Sewer-PublicWater-Public Zoning R

    Listing information © 2019 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Jay Goodson of Remax Checkmate, Inc. Realtors.



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-10-20T10:59:48.857.
     
    Bridge Pointe Real Estate
    504 E Jackson Blvd
    Jonesborough TN, 37659