311 4th North St Pending Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,696 sqft
Price per Sqft $117
MLS Listing ID 1316331
Year Built 1949
Lot Dimensions 68'x133'
Source East Tennessee REALTORS® MLS
Property Description
Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Location
State TN
County Hamblen County - 38
Rooms
Other Rooms Other
Interior
Heating Heat Pump,Electric
Cooling Central Cooling
Flooring Other
Appliance Range,Refrigerator
Heat Source Heat Pump,Electric
Exterior
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Garage No
Building
Faces From E Andrew Johnson Hwy turn onto N Daisy St, Turn R onto E 4th North St, Duplex on L
Structure Type Vinyl Siding,Frame
Schools
Elementary Schools Hillcrest
Middle Schools Meadowview
High Schools Morristown East
Others
Tax ID 027.00
Energy Description Electric
Acceptable Financing Conventional
Listing Terms Conventional