Sales Price: $249,900
Victorian Stories: 1
- Year Built: 1900
- City Tax: $451
- County Tax: $567
- Lot Size: 0.23 acre(s)
- Total Area: 2,352 ft²
- Heating: Electric, Other, Heat Pump
- Cooling: Heat Pump, Window Unit(s)
- Water / Sewage: Public
- Topography: Cleared
Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-FlowingExpand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Lot Dimensions: 68'x149'
Expenses Include: Lawn Maint, Water/Sewer, Taxes Real Estate, Repairs and MaintUtilities Expenses: $
Community: Hamblen County, , Subdivision, Zoned LI
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