Living Estate Liquidation
Great Location and Price!

SOLD! October 3, 2019

Sold! One Day On Market!

Living Estate Liquidation Sale

The Power Of Attorney  for the Living Estate of Nora Francis has ordered this property to be sold in order to provide funds for the continuing care of Mrs. Francis.

412 E. Watauga Ave. Johnson City, TN 37601

This property is located on highly desirable East Watauga Ave.,
also known as Rt. 400. It has a high traffic flow (5,000+ vehicles per day) and provides quick access to and from I-26.

Zoned RO-1, High Density Residential – Professional Office District

RO-1 zoning provides for a large variety of uses.
A copy of the RO-1 Zoning Code is available for viewing or printing in the “Documents” section of this Ad.

Please personally check with the Johnson City Zoning Dept. to confirm that your desired use is permitted.

As an example of great uses for the property, this property is ideal for the professional who wants to locate their office on E Watauga and have the benefit of rental income from the 3 rental units on the upper level.

The subject structure  is currently configured for 4-5 rental units, and could easily be reconfigured to meet a new owner’s desired alternate use.

The 3 upper level units consist of 2 one-BR units and an efficiency.
The main level can be rented as 2 one-BR units or one unit, if desired.
The 3 second floor units have been vacated in the process of readying the property to be sold.
All 5 units have a full bath and kitchen or kitchenette.

Note: The first floor is currently occupied by a family member. Please DO NOT Disturb! Contact the Agent, David L Cole, for information or inspection! (423) 956-3151.

Disclaimer: Information below is taken from 3rd party sources (example: tax card) and is not represented or guaranteed to be accurate by the Seller or the Auctioneer/Broker.

If dimensions are important to you, please personally measure at your inspection of the property.

A copy of the TAX CARD is available for viewing/printing in the “Documents” section of this Ad.

Inspections can be scheduled by contacting the Broker, David L Cole, by texting or calling 423-956-3151.

The structure was built in 1920.
Total square footage of finished living area: 3,258
Main level 1,847
Upper level 1,411
(Basement 1,411+/-)

Lot size: 50′ x 150′

Current tax Appraisal: $233,500
City Taxes: $1,556
County Taxes: $1,959

Metal Roof (modern, steel)
Natural Gas
Steam Heat (radiators)
A/C Window Units
Hardwood under carpet in living areas (does not include enclosed porches)

Historic features of this nearly 100 year old home include its oak staircase, millwork, and pocket and french doors. This house, as the old saying goes, “has good bones”.

On-street parking
On-premise parking (behind house, via alley)
Basement access is ground level at back of house (steps inside).

Property Address

412 E. Watauga Ave.
Johnson City TN 37601

From I-26 take Exit 22 to East Watauga. 412 is on the right side of the street.

Click Here for a Map

Contact David Cole

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Terms and Notes

Purchaser will pay 10% of the sale price with sales contract. The balance will be due in full within 30 days, or as soon as is practicable.

This property is being sold “as is, where is. Neither the Seller nor the Broker guarantees the accuracy or credibility of pre-sale information. Prospective purchasers are required to perform due diligence prior to signing a sales contract. This means the prospective purchaser must personally seek out the information required for the prospective purchaser to determine the property suitable for purchase. If dimensions are important, measure. If zoning and use is important, contact the appropriate city or county department to inquire as to permitted uses. If any inspection is needed, please consult a professional in the related field.

Prospective Purchasers of residential structures built prior to 1978 have a 10-day period beginning with the date of a fully executed sales contract in which to inspect the subject premises for lead-based paint or lead-based paint hazards. If such inspections are not performed within the 10-day period provided for, the Purchaser will, at closing, be required to agree in writing to relinquish the right to perform any further such lead inspections or tests and will agree to accept the property in "as is" condition.