206 East Watauga Avenue Johnson City, TN 37601

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Quadplex in the heart of Johnson City, TN! Perfect as an outright an investment or for house hacking! Live in one and rent out the other three! 206 E Watauga is composed of 3-(1 bedroom/1 bath) apartments and 1- (3bedroom/1bathroom) apartment. This property has a 7% cap rate fully rented, with a gross income of $53, 100. 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 150 utility fee to offset the costs. The two top units have been completed updated with new appliances, new floors, new bathrooms, fresh paint and new kitchens. The 3 bedroom on the main level has beautiful hardwood floors, tile in the bathroom and newer appliances. With a sunroom at the back of the property with a spiral staircase for a back entrance. The basement unit has a very stylish and unique style. with tile flooring, a large bedroom and conveniently located near the laundry room. This property has a laundry room and storage area in the back. The washer and dryer are currently leased and can be taken over by the new owners. 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.