Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9977716

Lot Acreage: 0.23000

Living Area: 0

Year Built:1900

Elementary School: Hillcrest

Middle School: Meadowview

High School: East High

Public Remarks: 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!

Listing Courtesy:REMAX Real Estate Ten of Morristown

More Listing Info:

AC:Heat Pump3: true

AC:Window Unit(s): true

Appliances:Range: true

Appliances:Refrigerator: true

Basement:Exterior Entry: true

Basement:Finished2: true

Basement:Walk-Out Access: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:WaterSewer: true

Exterior Finish:Vinyl Siding: true

Foundation:Block6: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 3.0

General Property Description:Acres: 0.23

General Property Description:Elementary School3: Hillcrest

General Property Description:High School3: East High

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 68'x149'

General Property Description:Middle School2: Meadowview

General Property Description:Total Units: 3

General Property Description:Zoning2: L1

Heating:Heat Pump2: true

Income and Expenses:Annual Operating Expenses: 3071

Income and Expenses:Annual Utility Expenses: 1364

Income and Expenses:Gross Annual Income: 27600

Income and Expenses:Net Annual Income: 23165

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Location Tax Legal Info:City Taxes: 450.8

Location Tax Legal Info:County Taxes: 566.72

Location Tax Legal Info:Deed Book #: 1677

Location Tax Legal Info:Deed Page #: 216

Parking Features:Gravel: true

Possession:See Remarks17: true

Remarks Misc:Directions3: From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Property on Left

Remarks Misc:Public Remarks2: 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!

Roof:Shingle: true

Sewer:Public Sewer: true

Structure Type:Triplex: true

Style:Victorian2: true

TopographyLot Description:Cleared: true

TopographyLot Description:Level2: true

TopographyLot Description:Sloped: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 2

Unit 1:# Half Baths: 1.0

Unit 1:Monthly Rent: 1000

Unit 1:SqFt6: 840

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:Monthly Rent2: 650

Unit 2:SqFt5: 840

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Rooms2: 1

Unit 3:Monthly Rent3: 650

Unit 3:SqFt2: 672

Water:Public: true