Duplex with Central
New
For Sale
$294,900
112 Morrison St, Centerville, TN 37033
The detached property is located in Centerville and has central air conditioning.
Property Size2,374 SF
Price / SF$124.22
Days on Market4
Property Features for 112 Morrison St
General Information
Standard status
Active
Size
2,374 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Res
Net Operating Income
$20,000
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,433
Amenities
Central Air
Central
Detached
Building Details
Building Size
2,374 SF
Year Built
1919
Stories
2
Listed By:
Lisa Gray
(615) 202-0554
Source:
Evrealestate
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lisa Gray
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Investment Insights
Based on property information with market context.
At 112 Morrison St in Centerville, this detached duplex contains 2,374 square feet. Built in 1919, the property has central air conditioning.
The address is in Hickman County, Tennessee. Access directions connect the property to I-40 via Exit 172 and SR-46.
The address is in Hickman County, Tennessee. Access directions connect the property to I-40 via Exit 172 and SR-46.
Key Highlights
- 2,374‑square‑foot duplex built in 1919
- Detached property with central air
- Located at 112 Morrison St, Centerville, TN 37033
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,745
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,900
$494.9K
Cap Rate 7%
$353,500
$353.5K
Cap Rate 9%
$274,944
$274.9K
Market Conditions
NOI Build-Up for 2,374 SF
Gross rent
$48.4K $20.40/SF
− Vacancy
−$3.4K −$1.45/SF
EGI
$45.0K $18.95/SF
− OpEx
−$20.2K −$8.53/SF
NOI
$24.7K $10.42/SF
Area
Hickman County, TN
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,900
Cap Rate 7%
$353,500
Cap Rate 9%
$274,944
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,128 @ 7.0% cap · market cap 10.22%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,745 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$695.9K
$608.9K – $811.9K
NOI $48,714 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 37033, TN
7,865
Population
3,848
Households
2
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
266.3 sq mi
ZIP Area
30
Density / Sq Mi
$56,455
Median Household Income
$37,199
Median Earnings
$935
Median Rent
$199,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The detached property is located in Centerville and has central air conditioning.
Where is this duplex located?
The property is located at 112 Morrison St Centerville, TN.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 2,374‑square‑foot duplex built in 1919; Detached property with central air; Located at 112 Morrison St, Centerville, TN 37033
