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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1317688
Year Built 1974
Source East Tennessee REALTORS® MLS
Property Description
This multifamily investment at 106-114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset. A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.
Location
State TN
County Hamblen County - 38
Rooms
Other Rooms Other
Interior
Heating Central
Cooling Central Cooling
Flooring Carpet, Vinyl
Heat Source Central
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Garage No
Building
Faces From E Morris Blvd turn left onto S Liberty Hill Road. Then turn left onto E Main St. Turn right onto King Ave - property on the right.
Structure Type Frame
Others
Tax ID 034G A 001.02
Energy Description Other Fuel
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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Listed by SVN I Wood Properties
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