BEDS7
BATHS4 full 1 partial
SQUARE FEET2,822
MLS#711305
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Spacious Duplex with Strong Returns - Prime Morristown LocationOpportunity knocks with this large, income-producing duplex offering a total of 2,822 square feet in a highly convenient Morristown location just minutes from the highway for easy access to town and surrounding areas.This unique property features two sizable units:One unit offers an impressive 5 bedrooms and 3 bathrooms, ideal for maximizing rental potentialThe second unit includes 2 bedrooms and 2 bathrooms, providing a comfortable and desirable layout for tenantsBoth units are currently occupied, delivering immediate cash flow with current rents supporting approximately a 9% cap rate relative to the list price.With its generous size, flexible layout, and strong income performance, this property stands out as a great addition to any investment portfolio. The convenient location near major roadways and everyday amenities helps support long-term tenant demand and consistent occupancy.If you're looking for a larger duplex with solid returns and built-in income, this one is worth a closer look.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Metal
Year Built: 1981
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: $1500.00
Square Footage: 960.00
Unit Type 2:
Bedrooms: 5
Full Baths: 3
Rent: $2400.00
Square Footage: 1862.00
Feature Descriptions
Appliances: Dishwasher, Refrigerator, Microwave, Electric Range, Electric Oven
Days on Site: 7
HOA Y/N: No
Laundry: Laundry Closet
Parcel #: 025H A 05900 000
Sewer: Public Sewer
Water: Public
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
Source: Lakeway MLS
Estimate Your Payment
Estimated Payment
$ 1,119.92 per month $990.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $129.76 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1405 Taft Street | MLS# 711305
This multi-family property located at 1405 Taft Street, Morristown, TN 37814 is currently listed for sale with an asking price of $444,900. Search Morristown real estate on www.clhomes.com today.