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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

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    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.
    (865) 337-3438
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    106 King Ave Morristown, TN 37814
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    Morristown, TN 37814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 King Ave Morristown, TN 37814
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