For Sale For Rent
Advertise
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
2,352
acreage
Acreage
0.23
open houses
Open Houses
-
year built
year built
1900
full baths
Full Baths
0
half baths
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
open houses Open houses
None scheduled.
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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