$249,900
FOR SALE926 E Main Street, Morristown, TN 37814
Morristown, Tn, 37814
MLS #706891
Subdivision: -
Building: 926 E Main Street
4 Beds
3/1 Baths
10018.8 sqft
$ 24.94 /sqft
Don't miss this fantastic opportunity to expand your investment portfolio with this fully leased, income-producing triplex in the heart of Morristown! This property features three rental units, including two side-by-side main-level units and a basement efficiency, all currently occupied under yearly lease agreements.With a gross income of $27,600 per year, an estimated net income of $23,165 and an 10.8% cap rate, this property offers a strong return on investment. Recent updates include a newly renovated bathroom in Unit B, completed within the last month. Each unit benefits from 1-2 off-street parking spaces, adding to tenant convenience.Situated in a prime location, this property provides easy access to shopping, dining, and major roadways. Additionally, the neighboring rental property at 1002/1004 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. Don't let this investment slip awayschedule your showing today!
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Listing Courtesy of: REMAX Real Estate Ten Midtown
