Sold
Last Sold Price
16 beds7,930 sqft
111-121 Hughes Rd, Unit 1, Watauga, TN 37694
Multi FamilyProperty Type
1 acresLot Size
1997Year Built
$82/sq ftPrice per sq ft

Description

Two 4 unit apartment buildings in excellent condition. These townhouse style units feature 2 bedrooms, 1.5 baths, central heat and air in each unit, brick exterior, newer roof on both buildings, and close to an acre of land. Rents on these units have been too cheap for years and need to be adjusted to today's market. Currently these units gross $4,325 per month with the owner paying garbage and mowing. Rarely ever has a vacancy. Better hurry on these.Two 4 unit apartment buildings in excellent condition. These townhouse style units feature 2 bedrooms, 1.5 baths, central heat and air in each unit, brick exterior, newer roof on both buildings, and close to an acre of land. Rents on these units have been too cheap for years and need to be adjusted to today's market. Currently these units gross $4,325 per month with the owner paying garbage and mowing. Rarely ever has a vacancy. Better hurry on these.
  • Listed by: JASON BLEVINS • RANDALL BIRCHFIELD REAL ESTATE
Listing closed: 02/18/2022 12:00 AM • Source: Tennessee Virginia Regional MLS, MLS#: 9932179

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Recent comparable sales

Median sold price

$200,000

Avg days on market

137

Sale-to-list ratio

76.5%

Watauga, TN

9 comparable properties found

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Location

Listing Courtesy of RANDALL BIRCHFIELD REAL ESTATE, JASON BLEVINS (423.335.5338)

Sold By BRIDGE POINTE REAL ESTATE JONESBOROUGH, Laura Meade (423.482.9616)

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Property Information for 111-121 Hughes Road, Unit 1

Property Details
  • Taxes: $3,915 / year
  • MLS Type: Multi-Family / Multi-Family
  • Architectural Style: 2 Story, Townhouse
  • View: Mountain(s)
  • Subdivision: Not In Subdivision
Building Information
  • Stories: 2
  • Year Built: 1997
  • Lot Size: 1.00 AC / 43,560 SF
Summary
Location and General Information
  • City: Watauga
  • County: Carter
  • Directions: From Elizabethton take Broad Street. At McDonalds turn right on S Lynn Ave. Go across the Watauga River and turn left onto Watauga Rd(Hwy 400). Follow until just before the old Range School. Apartments are on the right on the hill. 105 Hughes Rd will get you there by GPS.
  • Latitude: 36.37
  • Longitude: -82.26
  • Postal Code: 37694
  • State Or Province: TN
  • General Property Description : Zoning: Residential
Taxes and HOA Information
  • Parcel Number: 033 186.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 374
  • Location Tax Legal Info : Deed Page: 364
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $3,915.44
School Information
  • High School: Happy Valley
  • Middle Or Junior School: Central
  • Elementary School: Central
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 1 acre
  • Lot Size Square Feet: 43,560.00
  • Lot Size Acres: 1.0
  • Lot Features: Sloped, Cleared
  • Lot Size Area: 1.00
  • Lot Size Units: Acres
  • Building Area Total: 7,930.00
  • General Property Description : Acres: 1.00
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Multi-Family
  • Year Built: 1997
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • New Construction: No
  • Construction : Site Built: Yes
Utilities
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Heat Pump
  • Interior Features: Eat-in Kitchen
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • General Property Description : Stories: 2
  • Appliances: Dishwasher, Electric Range, Refrigerator
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Parking Features: Asphalt, Parking Spaces
  • Roof: Shingle
  • Window Features: Double Pane Windows
  • Heating : Heat Pump: Heat Pump
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 8.00
  • General Property Description : Total Units: 8.00
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 51900
  • Operating Expense Includes: Lawn Maint, Taxes Real Estate, Waste
Unit 1
  • Unit 1 : # Units: 4
  • Unit 1 : # Half Baths: 4.0
  • Unit 1 : # Half Baths: 4.0
  • Unit 1 : # Bathrooms: 4.0
  • Unit 1 : # Bedrooms: 8
  • Unit 1 : # Rooms: 16
  • Unit 1 : SqFt: 4030
  • Unit 1 : Monthly Rent: 2225
Unit 2
  • Unit 2 : # Units: 4
  • Unit 2 : # Rooms: 16
  • Unit 2 : # Bedrooms: 8
  • Unit 2 : # Bathrooms: 4.00
  • Unit 2 : SqFt: 3900
  • Unit 2 : Monthly Rent: 2100
Unit 3
  • Unit 3 : # Units: 0
Unit 4
  • Unit 4 : # Units: 0

Property History for 111-121 Hughes Road, Unit 1

DateEvent & SourcePriceAppreciation
Feb 18, 2022

Closed

Tennessee Virginia Regional MLS #9932179

$649,900—
Dec 21, 2021

Contract - Not Showing

Tennessee Virginia Regional MLS #9932179

—
Dec 21, 2021

Contract - Showing

Tennessee Virginia Regional MLS #9932179

—
DateEvent & SourcePrice
02/18/2022

Closed

Tennessee Virginia Regional MLS #9932179

$649,900
12/21/2021

Contract - Not Showing

Tennessee Virginia Regional MLS #9932179

—
12/21/2021

Contract - Showing

Tennessee Virginia Regional MLS #9932179

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 111-121 Hughes Road, Unit 1

This home is within Carter County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Keenburg Elementary School
PublicPK to 8

Carter County Online Academy
PublicK to 12

Central Elementary School
PublicPK to 8

Happy Valley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 111-121 Hughes Road, Unit 1, Watauga, TN 37694
$649,900
16
–
7,930
43,560
–
–
1
954
14,375
–
–
–
672
18,731
$108,000
3
1,358
74,052
$184,000
–
1
978
24,394
$107,200
–
1
1,604
50,530

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RANDALL BIRCHFIELD REAL ESTATE, JASON BLEVINS (423.335.5338)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 04/25/2023 01:57 PM