Sales Price: $199,900
Duplex Stories: 1
- Year Built: 1949
- City Tax: $455
- County Tax: $572
- Lot Size: 0.23 acre(s)
- Total Area: 1,696 ft²
- Heating: Electric, Heat Pump
- Cooling: Heat Pump
- Water / Sewage: Public
- Topography: Cleared
Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Lot Dimensions: 68'x133'
Expenses Include: Taxes Real EstateUtilities Expenses: $
Community: Hamblen County, , Subdivision, Zoned R2
Schools: Hillcrest Elementary, Meadowview Middle, East High High
Interior Features:
Basement & Foundation: Crawl Space, Exterior Entry, Unfinished
Exterior Features:
Roof: Metal Exterior Finish: Vinyl Siding