12,801 SqFt
12,801 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,801 sqft
Price per Sqft $195
Subdivision Barkley Landing Apts Rev Lots 9,10,11,12
MLS Listing ID 1304724
Year Built 2024
Lot Dimensions 300x150
Source East Tennessee REALTORS® MLS
Property Description
Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential.
Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal.
Property Highlights:
- Total of 12 units (3 buildings with 4 units each)
- Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft.
- One handicap-accessible unit per building (3 total)
- Fully leased - stabilized with immediate rental income
- Completed in 2024 - low-maintenance, turnkey investment
- Located in a strong rental market with continued growth
Pro forma available upon request. Whether you're a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location.
Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee's most promising rental markets.
Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.
Location
State TN
County Hamblen County - 38
Rooms
Family Room Yes
Other Rooms Family Room
Interior
Interior Features Pantry
Heating Central, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Other
Appliance Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
Heat Source Central, Electric
Exterior
Exterior Feature Handicap Accessible, Balcony
Parking Features On Premise Parking
Garage Description On Premise Parking
Utilities Available Cable Available (TV Only)
Roof Type Shingle
Porch true
Garage No
Building
Faces GPS-friendly and easy to access. Once on Barkley Landing Drive, continue straight up the hill. A newly built complex will be on your left. Buildings are black and white in color.
Structure Type Vinyl Siding,Frame
Others
Tax ID 042J C 010.00
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing Call Listing Agent, Cash, Conventional
Listing Terms Call Listing Agent, Cash, Conventional
1111 N Northshore Dr SPC N-600, Knoxville, TN, 37919, United States