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200 E Watauga Ave, Johnson City, TN, 37601

$1,900,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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200 E Watauga Ave, Johnson City$1,900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Spaces
Year Built1920
HeatingOther
CoolingWindow Unit(s), Other
ViewMountain(s)
MLS #9962524
Lot Size0.54 Acres
StatusActive

About 200 E Watauga Ave

Attention Investors! Here is your chance to own 16 units in Johnson City, Tennessee. This complex is less than 3 miles from ETSU and less than 5 miles from Milligan University. This portfolio includes 3 separate buildings that have been converted into apartments. The addresses are: 200/204/206 E Watauga Ave. All together the property brought in an annual gross income of $138,820.77 for 2023. More units have since been remodeled and with current market rents, this property's forecasted annual gross income is $182,000. 200 E Watauga is composed of 6-1 bedroom/1 bath apartments. These units have separate electrical meters for each unit. 204 E Watauga is composed of 6-1 bedroom/1bath apartments. These also have separate electrical meters for each unit. 206 E Watauga is composed of 4 units with shared utilities. 1-3 bedroom/1bath apartment 3-1bedroom/1bath apartment The owner has spent over 200k in capital expenditures improving the units. This includes completely remodeling 6 units with new flooring, new paint, new updated bathrooms, new appliances, new custom cabinetry, new countertops, and new PTAC units when needed. The remaining units were updated/refreshed with new floor, new paint, and new appliances as needed. 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. For initial showings buyers may see vacant units, and will be able to get into all units during the inspection.

Property Details

Property Features

Property Information:

  • Architectural Style: Other, See Remarks
  • Year Built: 1920

Listing Office:

  • Office Name: True North Real Estate
  • Office Phone: (423) 210-4155
  • Listing Agent: Matthew McCrory

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Vinyl, Luxury Vinyl, Hardwood, Laminate
  • Interior: Remodeled, Smoke Detector(s)

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Porch, Balcony

Parking Information:

  • Attached Garage: No
  • Parking: Parking Spaces

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.54 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s), Other

School Info

Assigned Schools Information:

  • Science Hill High School, Public Magnet Grades 9-12
  • Liberty Bell Middle School, Public District Grades 7-8
  • Indian Trail Intermediate School, Public District Grades 5-6
  • North Side Elementary School, Public District Grades PK-4

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,900,000

Tax Information:

  • Annual Amount: $1,421
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Johnson City, TN.

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Johnson City, TN

City

Med. Sold Price

$289K

Med. Price/SqFt

$169

Avg. Days On Market

65

# of Sold Homes

86

200 E Watauga Ave vs Johnson City

58 DAYS ON ROCKET

-7 Days

$1,900,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Johnson City, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9962524

Listing Office:

  • Office Name: True North Real Estate
  • Office Phone: (423) 210-4155
  • Listing Agent: Matthew McCrory

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Homefront.com shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 12:50:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 13, 2016Home Sold
$433,333

Tax History

YEARPROP. TAXASSESSMENT
2020$1,421$70,840
2019$2,734$70,840
2018$2,550$59,720
2017$2,538$59,720

History based on county public records data.

Payment Calculator

$9,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,763

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1059924
5
/10

  • North Side Elementary School

  • 1000 N Roan St

  • 0.29 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1059925
8
/10

  • Liberty Bell Middle School

  • 1318 Pactolas Rd

  • 1.25 miles

  • Public District Grades 7-8

school-card-donut-1059926
7
/10

  • Indian Trail Intermediate School

  • 307 Car Mol Dr

  • 4.31 miles

  • Public District Grades 5-6

High School

school-card-donut-1059927
7
/10

  • Science Hill High School

  • 251 Cotty Jones La

  • 0.95 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,167. Residents of Johnson City, TN typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Washington County›Johnson City›37601›200 E Watauga Ave

This home is located at 200 E Watauga Ave in Johnson City, TN and zip code 37601. This home, which was built in 1920, sits on a 0.54 acre lot. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $1,900,000.

Over 26 listings were sold over their listed price in March 2024 in Johnson City, TN. In the same period over 50 listings were sold below the listed price and 10 listings were sold for the listed price. In March 2024 in Johnson City, TN there were 2.2% less homes for sale than in February 2024. While the average time on the market in March 2024 was 65 days, the median list price was $289,038.

From Rocket Homes Real Estate and based on county public records data.

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