Multifamily
(Multi Family)
926 East Main St, Morristown, TN 37814
Victorian
FOR SALE
Price: $249,900
Price Per ft²: $106.25
List Date: 2025-03-24
DOM:
95
City Tax: $451 County Tax: $567Expenses Include: Water/Sewer
City Tax: $451 County Tax: $567Expenses Include: Water/Sewer
Year Built: 1900 pre-1978 Homes
Total Area: 2,352 ft² (Finished & Unfinished)
Heating: Heat Pump Cooling: Heat Pump, Window Unit(s) Water & Sewage: Public
Appliances: Range, Refrigerator
Description
Investor OPEN HOUSE - POSTPONED! This is a rare opportunity to view all three occupied units during a one-time showing window. Don't miss your chance to walk through and evaluate this income-producing property in person! Please be respectful during the tour and direct any questions to the hosting agent.
Don't miss this fantastic opportunity to expand your investment portfolio with this fully leased, income-producing triplex in the heart of Morristown! This property features three rental units, including two side-by-side main-level units and a basement efficiency, all currently occupied under yearly lease agreements.With a gross income of $27,600 per year, an estimated net income of $23,165 and an 10.8% cap rate, this property offers a strong return on investment. Recent updates include a newly renovated bathroom in Unit B, completed within the last month. Each unit benefits from 1-2 off-street parking spaces, adding to tenant convenience.Situated in a prime location, this property provides easy access to shopping, dining, and major roadways. Don't let this investment slip away—schedule your showing today!Community Information
- Geographical
- County: Hamblen
- Subdivision:
- Zoning: L1
- School System
- Hillcrest Elementary
- Meadowview Middle
- East High High
Interior
Basement & Foundation: Finished, Exterior Entry, Walk-Out Access
Exterior
Roof: Shingle Exterior Finish: Vinyl Siding
Photos
Listing by
Remax Real Estate Ten Of Morristown