1542-1544 Shields Ferry Road, Morristown, TN 37814
1542-1544 Shields Ferry Road, Morristown, TN 37814
1542-1544 Shields Ferry Road, Morristown, TN 37814
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Listed by Trey Cate • The Cate Group, Realty & Property Management LLC
$272,000
Est. payment /mo
4 Beds
4 Baths
13,068 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 13,068 sqft

Price per Sqft $20

Subdivision Fairview Garden

MLS Listing ID 708972

Bedrooms 4

Full Baths 4

Year Built 1995

Annual Tax Amount $1,373

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 0.3

Property Sub-Type Duplex

Source Lakeway Area Association of REALTORS®

Property Description

Generating a strong combined monthly rental income of $1,875, this income-producing duplex offers immediate cash flow from day one. Both units are currently occupied, providing stable tenancy, and each apartment is separately metered for water and electricity, supporting efficient management and reduced operating complexity. One of these units is newly renovated, further adding to overall value and tenant appeal. Located just minutes from downtown, the property presents an opportunity for investors seeking dependable income and long-term upside.

The neighboring duplex at 1562-1564 Shields Ferry Road is also available for purchase, creating the potential to acquire multiple side-by-side rental properties in a desirable location.

With current rental income, recent improvements, and high potential, this property is well-suited for investors looking to expand or strengthen their portfolio in the Morristown market.

Please contact the listing agent to schedule all showings.

Location

State TN

County Hamblen

Community Fairview Garden

Direction Traveling East through Morristown on 11E, follow the main highway as is turns into W First North St, then you will take a left on to Buffalo Trail. Following Buffalo trail, you will eventually take a left to Shields Ferry Rd. Follow this road and the duplex will be on your right.

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Exterior

Exterior Feature Balcony, Rain Gutters

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Porch Covered, Front Porch, Rear Porch

Building

Lot Description Paved

Foundation Slab

Water Public

Structure Type Vinyl Siding

Schools

High Schools East

Others

Senior Community No

Tax ID 024M


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Kornerstone Properties

Kornerstone Properties

+1(423) 754-8338

Company Owner | License ID: 265226

Company Owner License ID: 265226

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