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Morristown,TN 37814
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 10,018 sqft
Price per Sqft $24
MLS Listing ID 709107
Style Victorian
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1900
Annual Tax Amount $1,017
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 0.23
Property Sub-Type Triplex
Source Lakeway Area Association of REALTORS®
Property Description
Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Location
State TN
County Hamblen
Direction From Andrew Johnson Hwy turn onto Evans Ave, Turn Left onto E Main St, Property on Left
Rooms
Basement Apartment,Exterior Entry,Finished,Walk-Out Access
Interior
Heating Electric,Separate Meters,Varies by Unit,Other
Cooling Electric,Heat Pump,Wall/Window Unit(s)
Exterior
Utilities Available Electricity Connected,Water Connected
Roof Type Shingle
Building
Lot Description City Lot
Foundation Block
Water Public
Architectural Style Victorian
Structure Type Vinyl Siding
Schools
High Schools East
Others
Senior Community No
Tax ID 008.00