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    607 Watauga Avenue

    Johnson City, TN 37601
    • $162,900
    • STATUS: Active
    • ON SITE: 95 days
    • MLS #: 9909204
    UPDATED: 69 min ago
    $162,900
    • 6
      BEDS
    • 0.16
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,822
      SQFT
    • $58
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Excellent multi-family opportunity on East Watauga Avenue. This 1930s home was separated into three (2) bedrooms, (1) bath units many years ago, and has been loved by everyone who has lived in it. Tenant parking (one per unit) is in the rear of the building, while guest parking in on the street in front. Rental income is presently $1375 monthly, but could be considerably higher; some current tenants have lived there for a very long time and management has decided not to raise rents in favor of keeping good tenants. Market value would see the rents increase to at least $1800 per month. Just as you would expect, the floors are primarily hardwood, with vinyl in the kitchens and baths, and the windows and doors are cased in solid, wide, hardwood trim. If you are looking for a great investment property in the old town area of Johnson City, this is a ''must see''.

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    © 2020 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: 2020-09-21T06:59:59.833.
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    607 Watauga Avenue Johnson City, TN 37601

    • Price: $162,900
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 9909204
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,822
    SQFT
    $58
    $/SQFT
    1930
    Built
    Neighborhood:
    Ne Johnson City
    County:
    Washington
    Area:
    Ne Johnson City
    Elementary School:
    North Side
    Middle School:
    Indian Trail
    High School:
    Science Hill
    Property Description
    Excellent multi-family opportunity on East Watauga Avenue. This 1930s home was separated into three (2) bedrooms, (1) bath units many years ago, and has been loved by everyone who has lived in it. Tenant parking (one per unit) is in the rear of the building, while guest parking in on the street in front. Rental income is presently $1375 monthly, but could be considerably higher; some current tenants have lived there for a very long time and management has decided not to raise rents in favor of keeping good tenants. Market value would see the rents increase to at least $1800 per month. Just as you would expect, the floors are primarily hardwood, with vinyl in the kitchens and baths, and the windows and doors are cased in solid, wide, hardwood trim. If you are looking for a great investment property in the old town area of Johnson City, this is a ''must see''.
    Exterior Features

    Exterior Finish Vinyl Siding Lot Dimensions 50'X140' Parking Features GravelParking Spaces Porch Patio Deck Porch Roof Shingle Style Craftsman Topography Lot Description Level Walls Plaster Window Features Single Pane Windows

    Interior Features

    Ac Window Unit(S) Appliances Electric RangeRefrigerator Building1 Number Half Baths 0.00 Building1 Number Rooms 9 Flooring HardwoodLaminate Heating Baseboard Interior Features Eat-In Kitchen Laundry Features Electric Dryer HookupWasher Hookup Other Rooms Mud Room

    Property Features

    Auction No Building1 Monthly Rent 1375 Building1 Number Units 3 Building2 Number Units 0 Building3 Number Units 0 City Taxes 910.40 County Taxes 1144.66 Easements None Financing CashConventional Foreclosure No Property Condition Average Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Utilities Cable Connected Water Public Zoning R01

    Listing information © 2020 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Frank Lavender of Coldwell Banker/Security Real Estate.



    © 2020 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: 2020-09-21T06:59:59.833.
     
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