Address
516 East Cottage Avenue Elizabethton, TN
Price
$ 124,900
Property Attributes
  • MLS#9932340
  • TypeMulti-Family
  • CountyCARTER
  • CityElizabethton
  • NeighborhoodTown Plat
  • Zip37643
  • Style2 Story,Duplex
  • Year Built1939
  • Taxes$ 811
  • Price$ 124,900
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
Listing Provided Courtesy Of:
RUSS SWANAY REAL ESTATE COMPAN
Data Source:
Tennessee Virginia Regional MLS (NETAR)
Property Description

Well maintained duplex apartment building situated in the heart of Elizabethton. Walkable neighborhood with sidewalks and the Covered Bridge Walking/Biking Trail located just a short block away. Area restaurants, shopping, banking facilities and downtown Elizabethton all within walking distance of this property. Two story duplex consists of two one bedroom, one bath units, both of which have been completely renovated and are in excellent condition. Kitchen appliances convey and each unit offers a hookup for tenant's washer and dryer. Updated laminate flooring and fresh paint throughout both units. Replacement windows and exterior doors throughout (glass ordered for broken window in upper unit, to be repaired by seller). The exterior offers an updated rubberized roof, installed in 2018. With the interior of the building having been just renovated, the owner has decided to market the apartments as vacant, allowing for the new owners to pick their own tenants. Both units are approved by the Elizabethton Housing Authority for Section 8 tenants, if desired, with a monthly rental of $550 per month for each apartment already agreed upon. As a result, the projected rental income for the building is $1,100 per month with the apartments separately metered for electricity and each tenant paying their own electric bill. Owner is responsible for the monthly cost of water which averages $104 per month. With apartment rents through the roof and available apartment units so scarce within the City, these well located, well maintained apartment units should always be in high demand and easily rented. Investors seeking nice rental units in the City should act quickly in this very competitive market. All info. taken from Tax Records. Buyer/Buyer's agent to verify all.

Elementary School Middle School High School
Harold Mccormick Elementary School T A Dugger Middle School Elizabethton High School
Price History
12/29/2021 Listed $124,900

General Features

Appliances Electric Range, Refrigerator
Basement Crawl Space
Construction Site Built
Financing Cash, Conventional
Flooring Laminate, Vinyl
Heating Electric, Other
Number of Buildings 1
Number of Units 2.00
Property Condition Above Average
Property SubType Duplex
Property Type D
Roof Rubber
Sewer Public Sewer
Subdivision Town Plat
Water Public
Zoning R2

Interior Features

Interior Features Remodeled
Laundry Features Electric Dryer Hookup, Washer Hookup
Total Units 2
Walls Drywall

Exterior Features

Exterior Finish Vinyl Siding
Foundation Block
Lot Dimensions 37 X 47
Parking Features Parking Spaces
Porch/patio/deck Covered, Porch
Topography/lot Description Level

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 Multi-Family Average in 37643

Price
AVG $290K
$120K
Taxes
AVG $1,675
$811
Visits
AVG 27
12
Year Built
AVG 1930
1939
Walkscore
AVG 56
66
Data Provided by Walkscore ® not using MLS data

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