607 E Watauga Avenue, Johnson City, TN 37601
Excellent multi-family opportunity on East Watauga Avenue. This 1930s home was separated into three (3) bedrooms, (1) bath units many years ago, and has been loved by everyone who has lived in it. Tenant parking (one per unit) is in the rear of the building, while guest parking in on the street in front. Rental income is presently $1375 monthly, but could be considerably higher; some current tenants have lived there for a very long time and management has decided not to raise rents in favor of keeping good tenants. Market value would see the rents increase to at least $1800 per month. Just as you would expect, the floors are primarily hardwood, with vinyl in the kitchens and baths, and the windows and doors are cased in solid, wide, hardwood trim. If you are looking for a great investment property in the old town area of Johnson City, this is a ''must see''.