Sales Price: $199,900
Victorian
- Year Built: 1900
- City Tax: $285
- County Tax: $358
- Lot Size: 0.20 acre(s)
- Total Area: 1,550 ft²
- Heating: Heat Pump
- Cooling: Central Air, Heat Pump
- Water / Sewage: Public
- Topography: Cleared, Sloped, Level
Don't miss this prime investment opportunity in the heart of Morristown! This income-producing duplex offers a strong rental history and excellent return potential. One unit was recently renovated and both units are currently leased on a yearly agreements. With a gross income of $20,400 per year, an estimated net income of $17,344, and a 8.7% cap rate, this property is a fantastic addition to any rental portfolio.The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area.Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!
Lot Dimensions: 61'x149'
Expenses Include: See Remarks, Water/Sewer, Taxes Real Estate, Repairs and Maint
Community: Hamblen County, , Subdivision, Zoned L1
Schools: Hillcrest Elementary, Meadowview Middle, East High High
Interior Features:
Basement & Foundation: Crawl Space
Exterior Features:
Porch, Patio, Decking Detail: Rear Porch Roof: Metal Exterior Finish: Vinyl Siding