Morristown, TN 37814,926 Main ST
Morristown, TN 37814,926 Main ST
Morristown, TN 37814,926 Main ST
Morristown, TN 37814,926 Main ST
Morristown, TN 37814,926 Main ST
Morristown, TN 37814,926 Main ST
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Listed by Heather Walker • RE/MAX Real Estate Ten Midtown
$ 249,900
Est. payment | /mo

4 Beds

4 Baths

10,018 SqFt


Save
$ 249,900
Est. payment | /mo
Save

4 Beds

4 Baths

10,018 SqFt

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

Originating Board Lakeway Area Association of REALTORS®

Year Built 1900

Annual Tax Amount $1,017

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 0.23

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

Direction From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Property on Left

Rooms

Basement Apartment, Exterior Entry, Finished, Walk-Out Access

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

Architectural Style Victorian

Structure Type Vinyl Siding

Schools

High Schools East

Others

Senior Community No

Tax ID 008.00

GET MORE INFORMATION

agent
Priscilla Wilmoth

Agent | License ID: 363202

+1(865) 205-9299

308 N PETERS RD., STE 225, Knoxville, TN, 37922, USA

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926 Main ST