6 Beds
3 Baths
40,946 SqFt
6 Beds
3 Baths
40,946 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 40,946 sqft
Price per Sqft $9
MLS Listing ID 708381
Bedrooms 6
Full Baths 3
Year Built 1979
Annual Tax Amount $1,141
Lot Size 0.940 Acres
Acres 0.94
Lot Dimensions 0.94
Property Sub-Type Triplex
Source Lakeway Area Association of REALTORS®
Property Description
Located in a desirable area of West End Morristown, this well-positioned triplex sits on a spacious 0.94-acre lot and offers immediate cash flow with a current cap rate of approximately 9%. Each unit is separately metered and fully occupied, providing stable rental income with room for future growth.
The property features ample parking, a large shared yard, and potential for expansion or value-add improvements. Whether you're a seasoned investor or looking to start your portfolio, this triplex presents a rare opportunity in a sought-after area close to schools, shopping, and major roadways.
Location
State TN
County Hamblen
Direction Heading north bound on Collinson Ford Rd merge right onto Hiawatha at the split. Property will be on your left.
Interior
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Exterior
Roof Type Shingle
Building
Lot Description Back Yard
Foundation Block
Water Public
Structure Type Block,Brick
Others
Senior Community No
Tax ID 035.08
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