Morristown TN Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- 2,596
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.34 Acres
- Year built:
- 1970
- Baths:
- 4.00
- MLS#:
- 705153
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 completely redone 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 8.73%, 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.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.37 Acres
- Year built:
- 1973
- Baths:
- 2.00
- MLS#:
- 704830
ADDITIONAL INFORMATION
Discover a fantastic investment opportunity in the rapidly expanding West end of Morristown! This duplex offers two units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, ensuring immediate income for the new owner. The property is managed by Lebel Property Management, providing a hassle-free investment experience. Don't miss your chance to own in this thriving area!
- Type:
- Multi-Family
- Sq.Ft.:
- 20,206
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.05 Acres
- Year built:
- 1977
- Baths:
- MLS#:
- 1260178
- Subdivision:
- Panther Village
View additional info
Courtesy: Century 21 Masengill-McCrary
423-586-6653
ADDITIONAL INFORMATION
6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
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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 $128,600. This is higher than the county median home value of $124,000. The national median home value is $219,700. The average price of homes sold in Morristown, TN is $128,600. Approximately 45.99% of Morristown homes are owned, compared to 42.71% rented, while 11.3% 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 29,446. Morristown 37814 is less family-centric than the surrounding county with 27.29% of the households containing married families with children. The county average for households married with children is 29.56%.
The median household income in Morristown, Tennessee 37814 is $33,597. The median household income for the surrounding county is $42,042 compared to the national median of $57,652. The median age of people living in Morristown 37814 is 36.8 years.
Morristown Weather
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 26.4 degrees. The average rainfall is approximately 47 inches per year, with 12.1 inches of snow per year.