$ 295,000 $ 299,900 1.6%

5954 Hiawatha Rd

Morristown, TN 37814

  • 3,074 SqFt
  • 1979 Year Built
Discover a golden investment opportunity at 5954 Hiawatha Road in Morristown, TN—a triplex that's primed for profit. Situated on a generous 0.94-acre lot, this property offers more than just space; it offers financial freedom. Two units are already rented, generating a combined monthly income of $1,545. With a long-time renter in one unit at $650 per month and the second unit fetching $895, you're stepping into a stable income stream from day one.

The property currently features three units, with the potential to finish a fourth. Imagine the revenue possibilities when you unlock this additional income source. The downstairs unit has been completely remodeled, saving you time and renovation costs. Plus, each unit comes equipped with a stove and refrigerator, making it move-in ready for tenants.

Each unit has washer/dryer hookups, adding convenience for tenants and desirability to your property. What's more, tenants pay all utilities, minimizing your overhead expenses. Located near Panther Creek State Park, this multi-family property offers a serene setting that tenants will find attractive. The natural surroundings can be a unique selling point, adding value to your investment. At $299,900, this property is a smart investment for anyone looking to diversify their portfolio with real estate.
Listed by ReMax Real Estate Ten

PROPERTY DETAIL

  • Key Details

    Sold Price $295,000

    Property Type Multi-Family

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 074 sqft

    Price per Sqft $95

    Subdivision Musser Howard Farm

    MLS Listing ID 1241640

    Year Built 1979

  • Location

    State TN

    County Hamblen County - 38

  • Rooms

    Family Room Yes

    Other Rooms Family Room

  • Building

    Structure Type Brick

  • Interior

    Heating Central, Baseboard, Electric

    Cooling Central Cooling, Wall Cooling

    Flooring Laminate

  • Exterior

    Exterior Feature Porch - Covered

    Parking Features Off-Street Parking

    Garage Description Off-Street Parking

    Roof Type Shingle

  • Others

    Acceptable Financing New Loan, Cash, Conventional

    Listing Terms New Loan, Cash, Conventional

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CONTACT

Amy Shrader
Amy Shrader

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