1215 Shields Ferry Rd new Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,360 sqft
Price per Sqft $144
Subdivision Hall Ray D Prop
MLS Listing ID 1317448
Year Built 1976
Lot Size 0.410 Acres
Property Description
RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!!
This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.
Location
State TN
County Hamblen County - 38
Area 17860.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Zoned,Other,Electric
Cooling Wall Cooling,Zoned
Flooring Laminate,Vinyl
Exterior
Exterior Feature Patio
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Composition
Building
Structure Type Brick,Block,Other
Others
Acceptable Financing New Loan,Cash
Listing Terms New Loan,Cash