Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Property Features
Basement
Crawl Space
Exterior Entry
Unfinished
Heating Information
Electric
Heat Pump
Utilities
Electricity Connected
Water Connected
Cooling Information
Heat Pump
Water Features
Public
Parking
Gravel
School Information
School Information for 311 4th North 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