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423-968-7653
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:  30
City Tax: $451 County Tax: $567Expenses Include: Water/Sewer
Year Built: 1900 pre-1978 Homes

Total Area: 2,352 ft² (Finished & Unfinished)

Lot Size: 0.23 acre(s)Lot Dimensions: 68'x149'Topography: Cleared, Sloped, Level
Heating: Heat PumpCooling: Heat Pump, Window Unit(s)Water & Sewage: Public
Appliances: Range, Refrigerator

Description

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. Additionally, the neighboring rental property at 1002/1004 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. 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

1st photo of 926 Main Street Photo #2: 926 Main Street Photo #3: 926 Main Street Photo #4: 926 Main Street Photo #5: 926 Main Street Photo #6: 926 Main Street Photo #7: 926 Main Street
Listing by Remax Real Estate Ten Of Morristown
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