Very nice duplex in country setting situated between Morristown and Dandridge but close to stores/81/Merchants Greene/Lakeway Academy. Both sides have been updated with newer appliances and granite counters in kitchens and baths. Left side is a 2BR 2BA with living room & dining combo, small kitchen with eating counter, laundry room and garage. Right side is a 3BR 3BA, living room & dining combo, small kitchen with eating counter, laundrey room. Both sides have very nice front porches to enjoy the outside, back yard is fenced, parking in front. Rent both sides or live in one and rent other. Small storage building in back of duplex.
An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
12 one-bedroom units. Insurance is $3,000 annually & mowing is $200 per month. Close to a market, elementary school, and town.
The median home value in Morristown, TN is $300,000. This is higher than the county median home value of $215,200. The national median home value is $338,100. The average price of homes sold in Morristown, TN is $300,000. Approximately 43.53% of Morristown homes are owned, compared to 44.04% rented, while 12.43% are vacant. Morristown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Morristown real estate agent to arrange a tour today!
Morristown, Tennessee has a population of 30,387. Morristown is less family-centric than the surrounding county with 27.21% of the households containing married families with children. The county average for households married with children is 28.71%.
The median household income in Morristown, Tennessee is $36,495. The median household income for the surrounding county is $45,275 compared to the national median of $69,021. The median age of people living in Morristown is 37.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.7 degrees. The average rainfall is approximately 44.9 inches per year, with 9.8 inches of snow per year.