926 Main ST Active Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $106
Subdivision Not In Subdivision
MLS Listing ID 9977716
Style Victorian
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1900
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 68'x149'
Property Sub-Type Multi Family
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
Community Not In Subdivision
Area 0.23
Zoning L1
Direction From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Property on Left
Rooms
Basement Exterior Entry,Finished,Walk-Out Access
Interior
Heating Heat Pump
Cooling Heat Pump,Window Unit(s)
Appliance Range,Refrigerator
Heat Source Heat Pump
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Gravel
Roof Type Shingle
Topography Sloped, Level, Cleared
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Victorian
Structure Type Vinyl Siding
Schools
Elementary Schools Hillcrest
Middle Schools Meadowview
High Schools East High
Others
Senior Community No
Tax ID 008.00
Acceptable Financing Cash,Conventional,FHA,THDA,USDA Loan,VA Loan
Listing Terms Cash,Conventional,FHA,THDA,USDA Loan,VA Loan