306 Watauga 32, Elizabethton

$1,275,000

0 Beds
0 Baths
.91 Acres
0 Garages

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.

Essential Information
MLS® #421381
Price$1,275,000
Bathrooms0.00
Acres0.91
Year Built1935
TypeMulti-Family
Sub-TypeMulti-Family
Style3+ Story
StatusActive
Community Information
Address306 Watauga 32
Area317 - City of Elizabethton
SubdivisionTown Plat
CityElizabethton
CountyCarter
StateTENNESSEE
Zip Code37643
Amenities
Has PoolYes
Interior
FireplaceYes
Exterior
ExteriorBrick, Stucco
School Information
ElementaryMccormick
MiddleT A Dugger
HighElizabethton
Additional Information
Date ListedMay 8th, 2019
Days on Market294
ZoningR
HOA Fees0.00
Listing Details
Listing Courtesy ofREMAX CHECKMATE, INC. REALTORS
LISTING MAP

Get directions to this property:

Copyright 2020 Tennessee Virginia Regional MLS®. All rights reserved.

Information herein deemed reliable but not guaranteed February 26th, 2020 at 6:15pm