200 East Watauga Avenue

200 East Watauga Avenue

Johnson City, TN 37601

$1,900,000
Price
18
Beds
16
Baths
8,942 Sq. Ft.
$212 / Sq. Ft.
8,942
Sq. Ft.
$212
per Sq. Ft.
Watauga-Aerials-3
Watauga-Aerials-4
Watauga-Aerials-5
Watauga-Aerials-6
WataugaApts-13
Watauga-Aerials-2
Watauga-Aerials-1
WataugaApts-1
WataugaApts-2
WataugaApts-3
WataugaApts-4
WataugaApts-5
WataugaApts-6
WataugaApts-7
WataugaApts-8
WataugaApts-9
WataugaApts-10
WataugaApts-15
WataugaApts-16
WataugaApts-14
WataugaApts-12
WataugaApts-11
Watauga-Aerials-8
Watauga-Aerials-12
Watauga-Aerials-13
Watauga-Aerials-7
Watauga-Aerials-14
Watauga-Aerials-15
Watauga-Aerials-16
Watauga-Aerials-18
Watauga-Aerials-19
Watauga-Aerials-9
Unit1-1
Unit1-2
Unit1-3
Unit1-4
Unit1-5
Unit1-6
Unit1-7
Unit1-8
Unit1-9
Unit1-10
Unit1-11
Unit1-12
Unit1-13
Unit1-14
Unit1-15
Unit1-16
Unit1-17
Unit1-18
Unit1-19
Unit1-20
Unit1-21
88abe6b5c1fc4039b5b1d03a7b9d1c75
1
2
0c1d7c3669034c89898252e03f09df50

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...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.
  1. Listed by Matthew McCrory • True North Real Estate

Property Details for 200 East Watauga Avenue

Architectural Style
Other, See Remarks
View
Mountain(s)
Zoning
RO 1

Location

Listing Courtesy of True North Real Estate, Matthew McCrory (423.806.0702)
Add your commute
LISTING UPDATED: 04/01/2024 10:10 AM

Property Details for 200 East Watauga Avenue

StatusActive
MLS #9962524
Days on Market69
Taxes$10,001 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1920
Lot Size0.54 AC / 23,522 SF
CountyWashington County

Location

Listing Courtesy of True North Real Estate, Matthew McCrory (423.806.0702)
Add your commute

Building Information for 200 East Watauga Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.54 AC / 23,522 SF

Payment Calculator

$11,202 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$833

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 200 East Watauga Avenue

Summary
Location and General Information
  • City: Johnson City
  • County: Washington
  • Directions: From I-26 E, take exit 22, R at ramp. Take Left on Welbourne St, see property on Left.
  • Latitude: 36.32
  • Longitude: -82.35
  • Postal Code: 37601
  • State Or Province: TN
  • General Property Description : Zoning: RO 1
Taxes and HOA Information
  • Parcel Number: 046k N 018.00/046k N 019.00/046k N 020.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 1103
  • Location Tax Legal Info : Deed Page: 754
  • Location Tax Legal Info : City Taxes: $4,459.25
  • Location Tax Legal Info : County Taxes: $5,541.84
School Information
  • High School: Science Hill
  • Middle Or Junior School: Liberty Bell
  • Elementary School: North Side
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: .54 acres
  • Lot Size Square Feet: 23,522.40
  • Lot Size Acres: 0.54
  • Lot Features: Level
  • Lot Size Area: .54
  • Lot Size Units: Acres
  • Building Area Total: 8,942.00
  • General Property Description : Acres: .54
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Multi-Family
  • Year Built: 1920
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • New Construction: No
  • Construction : Site Built: Yes
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Window Unit(s), See Remarks
  • Interior Features: Remodeled, Smoke Detector(s)
  • Bathrooms Total Decimal: .00
  • Flooring: Vinyl, Luxury Vinyl, Hardwood, Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Levels: Two
  • General Property Description : Stories: 2
  • Appliances: Refrigerator
Exterior Features
  • Exterior Features: Balcony
  • Construction Materials: Vinyl Siding, Wood Siding
  • Parking Features: Parking Spaces
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Heating : Heat Pump: See Remarks, Other
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 16.00
  • General Property Description : Total Units: 16.00
Income & Expenses Information
  • Operating Expense Includes: Property Management, Utilities, Repairs and Maint, Taxes Real Estate, Water/Sewer
Unit 1
  • Unit 1 : # Units: 6
  • Unit 1 : # Bathrooms: 6.0
  • Unit 1 : # Bedrooms: 6
  • Unit 1 : SqFt: 3346
Unit 2
  • Unit 2 : # Units: 6
  • Unit 2 : # Bedrooms: 6
  • Unit 2 : # Bathrooms: 6.00
  • Unit 2 : SqFt: 3774
Unit 3
  • Unit 3 : # Units: 4
  • Unit 3 : # Bedrooms: 6
  • Unit 3 : # Bathrooms: 4.0
  • Unit 3 : SqFt: 1822
Unit 4
  • Unit 4 : # Units: 0

Property History for 200 East Watauga Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 200 East Watauga Avenue

Taxable ValueLand$8,000Additions$79,360Total$87,360
Tax Record2022$3,389 ($282 / month)
Home Facts
Total Finished SqFt4,410 SqFtAbove Grade Finished SqFt3,346 SqFtFinished Basement SqFt1,064 SqFtStories2Lot Size6,325 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1999ZoningR01CountyWASHINGTONAPN090046K N 01800

Schools near 200 East Watauga Avenue

This home is within Johnson City School District.
Rating
School
Type
Grades
Distance
North Side Elementary School
Public - PK to 4
Indian Trail Middle School
Public - 5 to 6
Liberty Bell Middle School
Public - 7 to 8
Science Hill High School
Public - 9 to 12
Rating
School
Distance
North Side Elementary School
PublicPK to 4

Indian Trail Middle School
Public5 to 6

Liberty Bell Middle School
Public7 to 8

Science Hill 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near West Davis Park

Neighborhoods

Cities

ZIPs

More information about 200 East Watauga Avenue, Johnson City, TN 37601

200 East Watauga Avenue is a multi-family home for sale in Johnson City, TN 37601. This property was listed for sale on February 29, 2024 by True North Real Estate, it's currently listed at $1,900,000. It has been on the market for a total of 69 days and was last sold on June 8, 2021. This listing's school district is Johnson City School District. Nearby schools include North Side Elementary School, Indian Trail Middle School and Liberty Bell Middle School. 200 East Watauga Avenue is a 18-bed, 16-bath, 8,942 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of True North Real Estate, Matthew McCrory (423.806.0702)

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 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 04/01/2024 10:10 AM