$255,000
FOR SALE1987 Joe Stephens Road, Morristown, TN 37814
Morristown, Tn, 37814
MLS #708974
Subdivision: -
Building: 1987 Joe Stephens Road
3 Beds
2/- Baths
37897.2 sqft
$ 6.73 /sqft
This income-producing property generates a combined monthly rental income of $1,950, delivering immediate cash flow for investors from day one. Currently configured as a duplex with both apartments sharing electric and water meters, the setup supports efficient operation while maintaining strong rental performance. Offering both convenience and long-term flexibility, this property presents a solid opportunity for steady income and future upside.The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite for added value.Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. With strong rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income.Please contact the listing agent to schedule all showings.
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Listing Courtesy of: The Cate Group Realty Property Management LLC
