Don't miss this fantastic opportunity to expand your investment portfolio with this fully leased, income-producing triplex in the heart of Morristown! This property features three rental units, including two side-by-side main-level units and a basement efficiency, all currently occupied under yearly lease agreements.
With a gross income of $27,600 per year, an estimated net income of $20,980, and an 8% cap rate, this property offers a strong return on investment. Recent updates include a newly renovated bathroom in Unit B, completed within the last month. Each unit benefits from 1-2 off-street parking spaces, adding to tenant convenience.
Situated in a prime location, this property provides easy access to shopping, dining, and major roadways. Additionally, the neighboring rental property at 1002/1004 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. Don't let this investment slip away"”schedule your showing today!
|
LAST UPDATED
|
3/24/2025
|
YEAR BUILT
|
1900
|
|
COMMUNITY
|
Hamblen County - 38
|
COUNTY
|
Hamblen County - 38
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Hillcrest |
| Jr. High School |
Meadowview |
| High School |
Morristown East |
| AIR |
Central Air, Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Range, Refrigerator |
| AREA |
Hamblen County - 38 |
| CONSTRUCTION |
Block, Vinyl Siding |
| HEAT |
Electric, Heat Pump |
| LOT DIMENSIONS |
68'x149' |
| PARKING |
Off Street |
| TAXES |
1017.52 |
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The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee Realtors® Multiple Listing Service. © Copyright 2025. All rights reserved.
This information is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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