926 Main St Pending Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $106
MLS Listing ID 1294417
Year Built 1900
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 County - 38
Rooms
Other Rooms Other
Interior
Heating Heat Pump,Electric
Cooling Central Cooling,Window Unit(s)
Flooring Other
Exterior
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Shingle
Building
Structure Type Vinyl Siding,Block
Schools
Elementary Schools Hillcrest
Middle Schools Meadowview
High Schools Morristown East
Others
Acceptable Financing USDA Loan,VA Loan,FHA,Cash,Conventional
Listing Terms USDA Loan,VA Loan,FHA,Cash,Conventional