Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1316330
Year Built 1900
Lot Dimensions 68'x149
Source East Tennessee REALTORS® MLS
Property Description
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Location
State TN
County Hamblen County - 38
Rooms
Other Rooms Other
Interior
Heating Heat Pump, Other, Electric
Cooling Central Cooling, Window Unit(s)
Flooring Other
Appliance Range, Refrigerator
Heat Source Heat Pump, Other, Electric
Exterior
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Shingle
Garage No
Building
Faces From Andrew Johnson Hwy turn onto Evans Ave, Turn Left onto E Main St, Property on Left
Structure Type Vinyl Siding,Block
Schools
Elementary Schools Hillcrest
Middle Schools Meadowview
High Schools Morristown East
Others
Tax ID 008.00
Energy Description Electric
Acceptable Financing Conventional
Listing Terms Conventional
Find out why customers are choosing LPT Realty to meet their real estate needs