Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Multi-Family

MLS Number: 9967095

Lot Acreage: 0.28000

Living Area: 0

Year Built:1925

Elementary School: North Side

Middle School: Liberty Bell

High School: Science Hill

Public Remarks: 204 E Watauga is composed of 6 - (1bedroom/1bath) apartments. This property has a 7% cap rate and is fully rented with a gross income of $69,300. These units have separate electrical meters for each unit with tenants paying their own electricity. Tenants pay a utility charge to offset the expense of water, sewer, trash, and internet. The majority of these units have been updated with new appliances, new floors, new bathrooms, and new kitchens. 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.

Listing Courtesy:True North Real Estate

More Listing Info:

AC:Wall Unit(s): true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:Lawn Maint: true

Expenses Include:Property Management: true

Expenses Include:Repairs and Maint: true

Expenses Include:WaterSewer: true

Exterior Features:Balcony: true

Exterior Finish:Vinyl Siding: true

Flooring:Ceramic Tile: true

Flooring:Luxury Vinyl: true

Flooring:Vinyl: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 6.0

General Property Description:Acres: 0.28

General Property Description:Elementary School3: North Side

General Property Description:High School3: Science Hill

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: 110 X 115 IRR

General Property Description:Middle School2: Liberty Bell

General Property Description:Senior Community YN3: No

General Property Description:Stories2: 2

General Property Description:Total Units: 6

General Property Description:Zoning2: RO 1

Heating:Other12: true

Info Available:Leases2: true

Info Available:ProfitLoss Statement: true

Info Available:Rental Rolls: true

Interior Features:Balcony2: true

Interior Features:Eat-in Kitchen: true

Interior Features:Kitchen Island: true

Interior Features:Laminate Counters: true

Interior Features:Remodeled: true

Interior Features:Smoke Detector(s): true

Interior Features:Storm Door(s): true

Levels:Two: true

Location Tax Legal Info:City Taxes: 2093.26

Location Tax Legal Info:County Taxes: 2272.98

Location Tax Legal Info:Deed Book #: 1103

Location Tax Legal Info:Deed Page #: 754

Parking Features:Concrete2: true

Parking Features:Parking Spaces: true

PorchPatioDeck:Front Porch: true

Property Condition:Above Average: true

Remarks Misc:Directions3: From I-26 E, take exit 22, R at ramp. Take Left on Welbourne St, see property on Left.

Remarks Misc:Public Remarks2: 204 E Watauga is composed of 6 - (1bedroom/1bath) apartments. This property has a 7% cap rate and is fully rented with a gross income of $69,300. These units have separate electrical meters for each unit with tenants paying their own electricity. Tenants pay a utility charge to offset the expense of water, sewer, trash, and internet. The majority of these units have been updated with new appliances, new floors, new bathrooms, and new kitchens. 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.

Roof:Shingle: true

Sewer:Public Sewer: true

Showing Instructions:24 Hour Notice: true

Structure Type:House: true

Style:Other53: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 1

Unit 1:# Units: 1

Unit 1:Monthly Rent: 925

Unit 1:SqFt6: 650

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 900

Unit 2:SqFt5: 650

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Units3: 1

Unit 3:Monthly Rent3: 900

Unit 3:SqFt2: 650

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 1

Unit 4:# Units4: 1

Unit 4:Monthly Rent4: 900

Unit 4:SqFt: 650

Utilities:Cable Connected2: true

Walls:Paneling: true

Water:Public: true