Morristown, TN 37814,1002/1004 Main ST
Morristown, TN 37814,1002/1004 Main ST
Morristown, TN 37814,1002/1004 Main ST
Morristown, TN 37814,1002/1004 Main ST
Morristown, TN 37814,1002/1004 Main ST
Morristown, TN 37814,1002/1004 Main ST
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$ 199,900
Est. payment | /mo

1,550 SqFt


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$ 199,900
Est. payment | /mo
Save

1,550 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,550 sqft

Price per Sqft $128

Subdivision Not In Subdivision

MLS Listing ID 9977715

Style Victorian

HOA Y/N No

Originating Board Tennessee/Virginia Regional MLS

Year Built 1900

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 61'x149'

Property Sub-Type Duplex

Property Description

Don't miss this prime investment opportunity in the heart of Morristown! This income-producing duplex offers a strong rental history and excellent return potential. One unit was recently renovated and both units are currently leased on a yearly agreements. With a gross income of $20,400 per year, an estimated net income of $17,344, and a 8.7% cap rate, this property is a fantastic addition to any rental portfolio.

The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area.

Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!

Location

State TN

County Hamblen

Community Not In Subdivision

Area 0.2

Zoning L1

Direction From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Duplex on Left

Rooms

Basement Crawl Space

Interior

Heating Heat Pump

Cooling Central Air, Heat Pump

Appliance Range, Refrigerator

Heat Source Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Gravel

Roof Type Metal

Topography Sloped, Level, Cleared

Porch Rear Porch

Building

Entry Level One and One Half

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 009.00

Listed by Heather Walker • REMAX Real Estate Ten of Morristown
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(423) 268-6575

soldbychapman@gmail.com

7121 Regal Ln Suite 215, Knoxville, TN, 37918, United States

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1002/1004 Main ST