Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Quadruplex

MLS Number: 9967277

Lot Acreage: 0.13000

Living Area: 0

Year Built:1930

Elementary School: North Side

Middle School: Liberty Bell

High School: Science Hill

Public Remarks: Quadplex in the heart of Johnson City, TN! Perfect as an outright an investment or for house hacking! Live in one and rent out the other three! 206 E Watauga is composed of 3-(1 bedroom/1 bath) apartments and 1- (3bedroom/1bathroom) apartment. This property has a 7% cap rate fully rented, with a gross income of $53,100. These units share all utilities(electric/water/internet/trash/sewer) and the three bedroom has this cost factored into the rent, the other three units pay a 150 utility fee to offset the costs. The two top units have been completed updated with new appliances, new floors, new bathrooms, fresh paint and new kitchens. The 3 bedroom on the main level has beautiful hardwood floors, tile in the bathroom and newer appliances. With a sunroom at the back of the property with a spiral staircase for a back entrance. The basement unit has a very stylish and unique style. with tile flooring, a large bedroom and conveniently located near the laundry room. This property has a laundry room and storage area in the back. The washer and dryer are currently leased and can be taken over by the new owners. 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:Heat Pump3: true

AC:Wall Unit(s): true

Appliances:Electric Range: true

Appliances:Microwave: true

Appliances:Refrigerator: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:Electric2: true

Expenses Include:Lawn Maint: true

Expenses Include:Property Management: true

Expenses Include:Repairs and Maint: true

Expenses Include:Taxes Real Estate: true

Expenses Include:Utilities2: true

Expenses Include:WaterSewer: true

Exterior Finish:Wood Siding: true

Flooring:Hardwood: true

Flooring:Luxury Vinyl: true

Flooring:Vinyl: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 4.0

General Property Description:Acres: 0.13

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: 55 X 104 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: 4

General Property Description:Zoning2: RO 1

Heating:Heat Pump2: true

Heating:Other12: true

Info Available:Leases2: true

Info Available:ProfitLoss Statement: true

Info Available:Rental Rolls: true

Interior Features:Eat-in Kitchen: true

Interior Features:Kitchen Island: true

Interior Features:Laminate Counters: true

Interior Features:Smoke Detector(s): true

Interior Features:Storm Door(s): true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:Two: true

Location Tax Legal Info:City Taxes: 1280.66

Location Tax Legal Info:County Taxes: 1390.62

Location Tax Legal Info:Deed Book #: 1103

Location Tax Legal Info:Deed Page #: 754

Other Rooms:Laundry: true

Other Rooms:Sunroom-Unheated: true

Other Rooms:Utility Room: true

Parking Features:Concrete2: true

Parking Features:Parking Spaces: true

PorchPatioDeck:Front Porch: true

PorchPatioDeck:Rear Porch: true

Property Condition:Above Average: true

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

Remarks Misc:Public Remarks2: Quadplex in the heart of Johnson City, TN! Perfect as an outright an investment or for house hacking! Live in one and rent out the other three! 206 E Watauga is composed of 3-(1 bedroom/1 bath) apartments and 1- (3bedroom/1bathroom) apartment. This property has a 7% cap rate fully rented, with a gross income of $53,100. These units share all utilities(electric/water/internet/trash/sewer) and the three bedroom has this cost factored into the rent, the other three units pay a 150 utility fee to offset the costs. The two top units have been completed updated with new appliances, new floors, new bathrooms, fresh paint and new kitchens. The 3 bedroom on the main level has beautiful hardwood floors, tile in the bathroom and newer appliances. With a sunroom at the back of the property with a spiral staircase for a back entrance. The basement unit has a very stylish and unique style. with tile flooring, a large bedroom and conveniently located near the laundry room. This property has a laundry room and storage area in the back. The washer and dryer are currently leased and can be taken over by the new owners. 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:Traditional3: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 3

Unit 1:# Units: 1

Unit 1:Monthly Rent: 1300

Unit 1:SqFt6: 800

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 900

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Units3: 1

Unit 3:Monthly Rent3: 900

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 1

Unit 4:# Units4: 1

Unit 4:Monthly Rent4: 900

Utilities:Cable Connected2: true

View:Mountain(s): true

Walls:Paneling: true

Water:Public: true