Morristown, TN 37814,1002/1004 Main St
See all 11 photos
Morristown, TN 37814,1002/1004 Main St
Morristown, TN 37814,1002/1004 Main St
Morristown, TN 37814,1002/1004 Main St
Morristown, TN 37814,1002/1004 Main St
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
19
Apr
Sun
20
Apr
Mon
21
Apr
$ 199,900
Est. payment /mo
Save
Pending

1002/1004 Main St Morristown, TN 37814

1,407 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,407 sqft

Price per Sqft $142

MLS Listing ID 1294416

Originating Board East Tennessee REALTORS® MLS

Year Built 1900

Lot Dimensions 61x149

Property Description

Don't miss this prime investment opportunity in the heart of Morristown! This income-producing duplex offers a strong rental history and excellent return potential. One unit was recently renovated and both units are currently leased on a yearly agreements. With a gross income of $20,400 per year, an estimated net income of $17,344, and a 8.7% cap rate, this property is a fantastic addition to any rental portfolio.

The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area.

Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!

Location

State TN

County Hamblen County - 38

Rooms

Other Rooms Other

Interior

Heating Heat Pump, Natural Gas, Electric

Cooling Central Cooling

Flooring Laminate

Appliance Range, Refrigerator

Heat Source Heat Pump, Natural Gas, Electric

Exterior

Exterior Feature Fenced - Yard

Parking Features Off-Street Parking

Garage Spaces 4.0

Garage Description Off-Street Parking

Roof Type Metal

Total Parking Spaces 4

Garage Yes

Building

Faces From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Duplex on Left

Structure Type Vinyl Siding,Block

Schools

Elementary Schools Hillcrest

Middle Schools Meadowview

High Schools Morristown East

Others

Tax ID 009.00

Energy Description Electric, Gas(Natural)

Acceptable Financing USDA Loan, VA Loan, FHA, Cash, Conventional

Listing Terms USDA Loan, VA Loan, FHA, Cash, Conventional


Listed by ReMax Real Estate Ten
agent

Trish Mancini

Agent | License ID: 366418

+1(865) 712-1993

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

1002/1004 Main St