Morristown TN Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- 2,596
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.34 Acres
- Year built:
- 1970
- Baths:
- 4.00
- MLS#:
- 706137
ADDITIONAL INFORMATION
Discover the perfect investment opportunity with this updated duplex in Morristown, TN! Boasting a combined 2,596 sq. ft. of livable space, this multi-family gem offers a fresh start with recent updates, including new paint and luxury vinyl plank flooring.The exterior has been beautifully refreshed with a new coat of paint and covered entrances, adding curb appeal and convenience. This spacious duplex is an excellent income-generating opportunity. Each of the updated units have 1298 square feet of living space and have been updated with fresh paint and new flooring. The left unit features new luxury vinyl plank (LVP) flooring throughout, while the right has newer LVP and carpet. Both units contain 3 bedrooms, 1 full bath, and 1 half bath. The kitchens are equipped with essential appliances, including a refrigerator, microwave, dishwasher, and an electric range with an oven. The ground floor of each unit includes the kitchen, dining room, and living room, with bedrooms and a full bath located on the upper level. The left unit is additionally equipped with a new washer and dryer, ensuring convenience for its occupants. Currently, both units are occupied, with the left unit rented at $1700 per month and the right unit at $1500 per month. Together, they generate a strong cap rate of 8.84%, making this an appealing investment for those looking to enter or expand their real estate portfolio.
- Type:
- Multi-Family
- Sq.Ft.:
- 7,255
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1979
- Baths:
- MLS#:
- 1274623
View additional info
Courtesy: Century 21 Masengill-McCrary
423-586-6653
ADDITIONAL INFORMATION
$1,200,000
1320 N Henry Street Morristown, TN 37814
- Type:
- Other
- Sq.Ft.:
- 2,400
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.98 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- 9970467
View additional info
Courtesy: Century 21 Masengill-McCrary Realtors
423-586-6653
ADDITIONAL INFORMATION
12 one-bedroom units. Insurance is $3,000 annually & mowing is $200 per month. Close to a market, elementary school, and town.
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All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Morristown Real Estate
The median home value in Morristown, TN is $215,900. 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 $215,900. 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 37814 has a population of 30,387. Morristown 37814 is less family-centric than the surrounding county with 28.6% 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 37814 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 37814 is 37.2 years.
Morristown Weather
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.