Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Property Features
Heating Information
Electric
Heat Pump
Other
Utilities
Electricity Connected
Sewer Connected
Water Connected
Basement
Exterior Entry
Finished
Walk-Out Access
Cooling Information
Heat Pump
Window Unit(s)
Water Features
Public
Parking
See Remarks
School Information
School Information for 926 Main Street, Morristown, TN 37814
Elementary School
Hillcrest
Middle School
Meadowview
High School
East High
Listing Courtesy: REMAX Real Estate Ten of Morristown - 423-581-8881