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423-968-7653
Apple Realty and Auction
Multifamily

306 S Watauga, Elizabethton, TN 37643

3+ Story
FOR SALE
Price: $1,275,000  Price Per SqFt: List Date: 2019-05-08  DOM:  13
City Tax: $2,836 County Tax: $3,914Utilities Expenses: $9,731
Year Built: 1935 About homes built before 1978
Lot Size: .91 acre(s)Lot Dimensions: .91
Cooling: Window UnitWater & Sewage: Sewer-Public, Water-Public

Description

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.

Community Information

Geographical
Area: City of Elizabethton
County: Carter
Subdivision:
Zoning: R
School System
Mccormick Elementary
T A Dugger Middle
Elizabethton High

Interior

Exterior

Exterior Finish: Brick, Stucco 

Photos

Listing by Remax Checkmate, Inc. Realtors
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