Sales Price: $249,900
Victorian
- Year Built: 1900
- City Tax: $451
- County Tax: $567
- Lot Size: 0.23 acre(s)
- Total Area: 2,352 ft²
- Heating: Heat Pump
- Cooling: Heat Pump, Window Unit(s)
- Water / Sewage: Public
- Topography: Cleared, Sloped, Level
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!
Lot Dimensions: 68'x149'
Expenses Include: Water/Sewer
Community: Hamblen County, , Subdivision, Zoned L1
Schools: Hillcrest Elementary, Meadowview Middle, East High High
Interior Features:
Basement & Foundation: Finished, Exterior Entry, Walk-Out Access
Exterior Features:
Roof: Shingle Exterior Finish: Vinyl Siding
