BEDS4
BATHS4 full
MLS#710345
STATUSActive Contingent
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.
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: 52
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: Franklin Realty Inc.
Agency Phone: 865-484-0660
Estimate Your Payment
Estimated Payment
$ 7,546.70 per month $7,204.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $342.71 Homeowner's Insurance
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.franklinrealty.com today.