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Blue Ridge Properties Listing
926 East Main Street, Morristown, TN 37814 (MLS #9986152)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Multi Family
Sub Type: Multi Family
MLS Number: 9986152
Lot Acreage: 0.23000
Living Area: 0
Year Built:1900
Elementary School: Hillcrest
Middle School: Meadowview
High School: East High
Public Remarks: Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Listing Courtesy:REMAX Real Estate Ten of Morristown
More Listing Info:
AC:Heat Pump3: true
AC:Window Unit(s): true
Appliances:Range: true
Appliances:Refrigerator: true
Basement:Exterior Entry: true
Basement:Finished2: true
Basement:Walk-Out Access: true
Contract Info:Foreclosure: No
Easements:Other7: true
Expenses Include:Lawn Maint: true
Expenses Include:Repairs and Maint: true
Expenses Include:Taxes Real Estate: true
Expenses Include:WaterSewer: true
Exterior Finish:Vinyl Siding: true
Foundation:Block6: true
General Property Description:# Buildings: 1
General Property Description:# of Units: 3.0
General Property Description:Acres: 0.23
General Property Description:Elementary School3: Hillcrest
General Property Description:High School3: East High
General Property Description:HOA YN: No
General Property Description:Lot Dimensions: 68'x149'
General Property Description:Middle School2: Meadowview
General Property Description:Stories2: 1
General Property Description:Total Units: 3
General Property Description:Zoning2: LI
Heating:Electric: true
Heating:Heat Pump2: true
Heating:Other12: true
Income and Expenses:Annual Operating Expenses: 4435
Income and Expenses:Gross Annual Income: 29400
Income and Expenses:Net Annual Income: 24965
Info Available:Leases2: true
Info Available:ProfitLoss Statement: true
Laundry Features:Electric Dryer Hookup: true
Laundry Features:Washer Hookup: true
Levels:One: true
Location Tax Legal Info:City Taxes: 450.8
Location Tax Legal Info:County Taxes: 566.72
Location Tax Legal Info:Deed Book #: 1677
Location Tax Legal Info:Deed Page #: 216
Parking Features:See Remarks22: true
Remarks Misc:Directions3: From Andrew Johnson Hwy turn onto Evans Ave, Turn Left onto E Main St, Property on Left
Remarks Misc:Public Remarks7: Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Roof:Shingle: true
Sewer:Public Sewer: true
Structure Type:Multi Family: true
Structure Type:Triplex: true
Style:Victorian2: true
TopographyLot Description:Cleared: true
Unit 1:# Bathrooms5: 1.0
Unit 1:# Bedrooms3: 2
Unit 1:# Half Baths: 1.0
Unit 1:# Units: 1
Unit 1:Monthly Rent: 1050
Unit 1:SqFt6: 840
Unit 2:# Bathrooms4: 1.0
Unit 2:# Bedrooms4: 1
Unit 2:# Units2: 1
Unit 2:Monthly Rent2: 700
Unit 2:SqFt5: 840
Unit 3:# Bathrooms3: 1.0
Unit 3:# Bedrooms5: 1
Unit 3:# Units3: 1
Unit 3:Monthly Rent3: 700
Unit 3:SqFt2: 672
Utilities:Electricity Connected: true
Utilities:Sewer Connected: true
Utilities:Water Connected: true
Water:Public: true
