bedrooms
0
bathrooms
0
square feet
2,352
Acreage
0.23
Open Houses
-
year built
1900
Full Baths
0
Half Baths
0
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 | |
Subdivision | Not In Subdivision |
County | Hamblen |
Elementary School | Hillcrest |
Middle School | Meadowview |
High School | East High |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 9977716
Listing agent:
Heather Walker
Listing broker:
Remax Real Estate Ten Of Morristown
(423) 289-0030
Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Wednesday, April 2 2025 at 4:27 p.m. EDT
Kotohomes National
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