36.344242 -82.22235

306 S Watauga Elizabethton, TN 37643

Jay Goodson
Jay Goodson
Associate
904 Sunset Drive Ste 1 Johnson City TN 37604
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238920710 36.344242 -82.22235 2561 /listing/238920710-151230928/306-s-watauga-elizabethton-tn-37643 False 0 1275000.0 105 421381 True
  • $1,275,000
  • 306 S Watauga Elizabethton, TN 37643
  • 0.91 lot
  • Est payment $6844.48/mo

Property & Neighborhood Info

Courtesy Of REMAX CHECKMATE, INC. REALTORS

Multifamily in Elizabethton

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.

Courtesy Of REMAX CHECKMATE, INC. REALTORS
  1. 0.91 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1935
  • School District: MCCORMICK
  • School District2: T A DUGGER
  • School District3: ELIZABETHTON
  • County: Carter
  • Taxes: $2,836.00
  • Units: 32
  • Zoning: R
  • MLS Number:421381

Additional Features

  • Cooling:
    • WINDOW UNIT
  • Style:
    • 3+ Story
  • Water/Sewer:
    • Sewer-Public
    • Water-Public
  • Exterior Finish:
    • BRICK
    • STUCCO
  • Acres:
    • .91
  • Utilities:
    • 9731
  • Showing Instructions:
    • Call LA
  • Foreclosure:
    • No
  • Gross Income:
    • 144180
  • Net Income:
    • 101504
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.