RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!!
This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.
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LAST UPDATED
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10/3/2025
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TRACT
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Hall Ray D Prop
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YEAR BUILT
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1976
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COMMUNITY
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Hamblen County - 38
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COUNTY
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Hamblen County - 38
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STATUS
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Active
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PROPERTY TYPE(S)
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Multi Family
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| AIR |
Wall Unit(s), Zoned |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Range, Refrigerator |
| AREA |
Hamblen County - 38 |
| CONSTRUCTION |
Block, Brick, Other |
| HEAT |
Electric, Other, Zoned |
| LOT |
0.41 acre(s) |
| LOT DIMENSIONS |
125X119 |
| PARKING |
On Site |
| SUBDIVISION |
Hall Ray D Prop |
| TAXES |
1971 |
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Listed with Goldman Partners Realty, LLC
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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