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1320/103 N Henry Street, Morristown, TN 37814

$1,175,000
  • 1320/103 N Henry Street, Morristown, TN 37814 Main Photo

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Active
BEDS4 BATHS4 full MLS#710345
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Take advantage of this stabilized, income-producing multifamily portfolio featuring two apartment buildings totaling 12 units, ideally positioned on two separate streets while still conveniently close to local amenities, shopping, dining, and everyday necessities.Each of the twelve units is a 1 bedroom, 1 bathroom layout and the property is 100% occupied. Two units have already been renovated, offering immediate upside and a clear value-add path for a new owner looking to continue strategic improvements over time.The current owner covers property taxes, insurance, pest control, and landscaping, helping maintain the asset and curb appeal, while tenants are responsible for all utilities, keeping operating expenses more efficient.With steady in-place cash flow and room to enhance returns through additional renovations and future rent growth, this is a strong opportunity for investors seeking a well-performing multifamily asset in a convenient location.

1320/103 N Henry Street | MLS# 710345

This multi-family property located at 1320/103 N Henry Street, Morristown, TN 37814 is currently listed for sale with an asking price of $1,175,000. Search Morristown real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Baseboard
Lot Size: 0.45 Acres
Roof Type: Shingle
Year Built: 1979

Units

Unit Type 1:
Bedrooms: 1
Full Baths: 1
Rent: $900.00
Square Footage: 600.00
Unit Type 2:
Bedrooms: 1
Full Baths: 1
Rent: $900.00
Square Footage: 600.00
Unit Type 3:
Bedrooms: 1
Full Baths: 1
Rent: $900.00
Square Footage: 600.00
Unit Type 4:
Bedrooms: 1
Full Baths: 1
Rent: $900.00
Square Footage: 600.00

Feature Descriptions

Appliances: Electric Oven, Refrigerator, Microwave
Days on Site: 35
Exterior: Rain Gutters
Exterior: Brick
Flooring: Concrete, Linoleum, Laminate, Ceramic Tile
Laundry: In Unit
Lot: City Lot
Lot Dimensions: 140'/109'/150'/156'
Parcel #: 033D E 00300 000
Sewer: Public Sewer
Water: Public
Windows: Vinyl Frames, Aluminum Frames

Listed By / Shown By

Listed By

Agency Name: RE/MAX Real Estate Ten Midtown
Agency Phone: (423) 581-8881

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Lakeway MLS

Estimate Your Payment

Estimated Payment

$ 2,957.75 per month $2,615.04 Principal & Interest $0.00 Property Tax (data not provided by mls) $342.71 Homeowner's Insurance

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