BEDS4
BATHS2 full
MLS#712869
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Don't miss this income-producing duplex at 309 W 7th North St! Featuring two units, each with 2 bedrooms and 1 bath, this property combines classic charm with strong investment fundamentals -- including hardwood floors and a cozy fireplace in place, adding character tenants will love.Currently generating a solid 7 CAP, with the potential to reach up to 13 CAP through strategic improvements and rent optimization -- a compelling opportunity for value-add investors.The location is hard to beat: minutes from the hospital, close to downtown Morristown, and convenient to mall shopping and a wide range of other amenities. This combination of walkability, accessibility, and upside potential makes it a standout addition to any rental portfolio.Whether you're a seasoned investor or looking to add your first multi-family property, this duplex offers both immediate income and room to grow. Contact us today for financials and to schedule your showing!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Lot Size: 0.24 Acres
Roof Type: Metal
Year Built: 1965
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 1
Rent: $700.00
Square Footage: 900.00
Unit Type 2:
Bedrooms: 2
Full Baths: 1
Rent: $600.00
Square Footage: 909.00
Feature Descriptions
Appliances: Electric Cooktop, Refrigerator, Electric Range, Electric Oven
Days on Site: 42
Exterior: Brick
Flooring: Hardwood, Tile, Linoleum
Interior: Ceiling Fan(s)
Laundry: In Kitchen
Lot: City Lot
Parcel #: 033L E 01101 000
Porch/Patio/Deck: Rear Porch
Sewer: Public Sewer
Water: Public
Windows: Metal 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
Source: Lakeway MLS
Estimate Your Payment
Estimated Payment
$ 553.54 per month $489.40 Principal & Interest $0.00 Property Tax (data not provided by mls) $64.14 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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309 W 7th North Street | MLS# 712869
This multi-family property located at 309 W 7th North Street, Morristown, TN 37814 is currently listed for sale with an asking price of $219,900. Search Morristown real estate on www.clhomes.com today.