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106 King Ave Morristown, TN 37814

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For Sale
$799,000

Five-unit multifamily property with strong cash flow in Morristown, TN.

Property size:
4,500 SF

Property Features for 106 King Ave

General Information

Size
4,500 SF

Source: Ford Collier Agent Ford Collier

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Morristown Multifamily Investment Opportunity

This multifamily investment property, located at 106–114 King Avenue in Morristown, TN, features five units with a mix of floor plans. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one 4 bed / 2 bath unit. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout. A detached garage provides an additional $150/month in income. The property is situated in a growing submarket with strong rental demand, presenting an opportunity for investors looking for immediate cash flow. The total projected annual income is $75,600. The property is located near many retailers and local amenities, and minutes from downtown and major employers. The property size is 4,500 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Morristown
County
Hamblen
State
Tennessee
Longitude
-83.279619
Latitude
36.220302

FAQs

What type of property is this?
Multifamily property - Five-unit multifamily property with strong cash flow in Morristown, TN.
Where is this multifamily property located?
The property is located at 106 King Ave Morristown, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - $75,600 in projected annual rental income provides immediate cash flow.; - Over $150,000 in recent capital improvements (roof, HVAC, electrical, plumbing, windows, doors) ensures a turnkey investment.; - Diverse unit mix of two 2BR/1BA, two 1BR/1BA, and one 4BR/2BA appeals to a wide range of renters.
More about this property
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