Current Use by Public Records
- Apartment buildings
Property Details for 416 Old Watauga Rd
- Year built
- 1990
- Lot size
- 1.30 lot acres
- Property type
- Apartment buildings
Description
Exceptional investment opportunity in Watauga, Tennessee. This four-unit apartment building, built in 1990, boasts 4,032 square feet on a spacious 1.3-acre lot (APN: 033 165 00). Each unit offers two bedrooms and one and a half bathrooms, featuring amenities such as bonus sinks in bedrooms, extra storage in master bedrooms, large closets, and eat-in kitchens. Residents enjoy private back patios and stunning mountain views. The property is zoned for commercial use, presenting potential for expansion with additional units, a pool, or recreational areas. Conveniently located just five minutes from Elizabethton and fifteen minutes from Johnson City, this property offers premium rental income with tenant-paid utilities and low-maintenance construction. The asking price is $650,000. This is a rare chance to acquire a well-maintained multifamily property in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watauga
- County
- Carter
- State
- Tennessee
- Longitude
- -82.2527
- Latitude
- 36.3691
