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:
74
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
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
Listing by
Remax Real Estate Ten Of Morristown