Address
204 East Watauga Avenue, Johnson City, TN
Price
$ 1,590,000
Property Attributes
- MLS#10000670
- TypeCommercial
- Listing Status Active
- CountyWashington
- CityJohnson City
- AreaNE Johnson City
- NeighborhoodNot In Subdivision
- Zip37601
- Style
- Year Built1920
- Taxes$ 12315
- Price$ 1,590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8942
Data Source:
Tennessee Virginia Regional MLS (NETAR)
Property Description
Attention Investors! Here is your chance to own 16 fully occupied 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. 200 E Watauga is composed of 6-1 bedroom/1 bath apartments. These units have separate electrical meters for each unit. The water/wifi/trash and sewer are paid by the owner but a utility charge is charged to the tenants for compensation. 204 E Watauga is composed of 6-1 bedroom/1bath apartments. These also have separate electrical meters for each unit. These units have separate electrical meters for each unit. The water/wifi/trash and sewer are paid by the owner but a utility charge is charged to the tenants for compensation. 206 E Watauga is composed of 3-(1 bedroom/1 bath) apartments and 1- (3bedroom/1bathroom) apartment. 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 utility fee to offset the costs since the landlord pays the utilities. This building has a laundry room for all units to use located on the ground level of building 206. The washer and dryer are currently leased and can be taken over by the new owners. The owner has spent a great deal 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, updated plumbing, and new appliances as needed. The property is being professionally managed by a local property management company.
| Price History | |
|---|---|
| 9/11/2026 | Listed $1,590,000 |
General Features
| Sewer | Public Sewer,Septic Tank |
|---|---|
| Heating | Other,See Remarks |
| Cooling | Wall Unit(s) |
| Roof | Composition,Shingle |
| Development Status | Finished Lot(s) |
| Zoning | RO 1 |
| Construction Materials | Vinyl Siding,Wood Siding |
| Year Built | 1920 |
| Electric | Other |
| Business Type | Residential |
| County | Washington |
| New Construction | false |
| Property Type | Commercial Sale |
| HOA | false |
| Subdivision Name | Not In Subdivision |
| Status | Active |
| Directions | From I-81, take Exit 59 onto US-23/I-26 West toward Johnson City. Continue on I-26 and take the Watauga Avenue (SR 400) exit. Follow Watauga Avenue through downtown, and you'll arrive at 204 East Watauga Avenue on the right in the West Davis Park neighborhood. |
| City | Johnson City |
| MLS Area | 302 - NE Johnson City |
| Property Condition | Above Average,Updated/Remodeled |
| MLS Area Minor | 302 - NE Johnson City |
| Standard Status | Active |
| Conventional | true |
| Wood siding | true |
| Vinyl Siding | true |
| Cash | true |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 9 |
| Building Area Total | 8942 |
| Lot Dimensions | 55x115 / 110 X 115 IRR / 55 x 104 IRR |
| Road Frontage Type | City Street |
| Other Equipment | Satellite Dish,Dishwasher,Dryer,Range,Refrigerator,Smoke Detector(s),Washer |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 37601
Price
Taxes
Year Built
Tennessee Virginia Regional MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS ® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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.
