Property Description

Listing Status

• More Listing Info

  AC:Other5	true
  Appliances: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 Finish:Vinyl Siding	true
  Fireplace:Brick3	true
  Flooring:Ceramic Tile	true
  Flooring:Luxury Vinyl	true
  General Property Description:# Buildings	1
  General Property Description:# Fireplaces	1
  General Property Description:# of Units	6.0
  General Property Description:Acres	0.15
  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 115
  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:See Remarks10	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:Remodeled	true
  Interior Features:Smoke Detector(s)	true
  Interior Features:Storm Door(s)	true
  Levels:Two	true
  Location Tax Legal Info:City Taxes	1729.73
  Location Tax Legal Info:County Taxes	1878.24
  Location Tax Legal Info:Deed Book #	1103
  Location Tax Legal Info:Deed Page #	754
  Parking Features:Concrete2	true
  Parking Features:Parking Spaces	true
  PorchPatioDeck: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	200 E Watauga is composed of 6-(1 bedroom/1 bath) apartments. This property has a 7% cap rate fully rented, with a gross income of $71,700. 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	950
  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	825
  Unit 3:SqFt2	650
  Unit 4:# Bathrooms2	1.0
  Unit 4:# Bedrooms6	1
  Unit 4:# Units4	1
  Unit 4:Monthly Rent4	800
  Unit 4:SqFt	650
  View:Mountain(s)	true
  Walls:Paneling	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: