926 Main ST Active Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 10,018 sqft
Price per Sqft $24
MLS Listing ID 706891
Style Victorian
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1900
Annual Tax Amount $1,017
Lot Size 10,018 Sqft
Property Sub-Type Triplex
Property 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!
Location
State TN
County Hamblen
Interior
Heating Heat Pump
Cooling Electric,Heat Pump,Wall/Window Unit(s)
Exterior
Roof Type Shingle
Building
Lot Description City Lot
Foundation Block
Water Public
Structure Type Vinyl Siding
Schools
High Schools East