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423-968-7653
Multifamily (Duplex)

516 East Cottage Ave
Elizabethton, TN 37643

2 Story, Duplex  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $124,900  Price Per ft²: $108.42  List Date: 2021-12-29  DOM:  23
City Tax: $348 County Tax: $464Expenses Include: Taxes Real Estate, Water/Sewer
Year Built: 1939 About homes built before 1978

Total Area: 1,152 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s)Lot Dimensions: 37 X 47Topography: Level
Heating: Electric, OtherCooling: NoneWater & Sewage: Public
Appliances: Electric Range, Refrigerator

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 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.

Community Information

Geographical
County: Carter
Subdivision:
Zoning: R2
School System
Harold Mccormick Elementary
T A Dugger Middle
Elizabethton High

Interior

Flooring: Laminate, Vinyl Basement & Foundation: Crawl Space  Other Features: Remodeled 

Exterior

Porch, Patio, Decking Detail:  Covered, Porch Roof: Rubber Exterior Finish: Vinyl Siding 

Photos

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Listing by Russ Swanay Real Estate Compan
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