BEDS4
BATHS4 full
MLS#708973
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFairview Garden
Property Description
This duplex is fully occupied with tenants currently in place, generating a combined monthly rental income of $1,430. With immediate cash flow, established occupancy, individual electric and water meters for each apartment, and the potential to achieve top-of-market rent, this property offers an excellent addition to any investment portfolio. The neighboring duplex at 1542-1544 Shields Ferry Road is also available for purchase, presenting a unique opportunity for investors looking to acquire multiple income-producing properties in the same area.Whether you are a seasoned investor or looking to enter the rental market, this property offers strong potential for consistent income and long-term appreciation in a growing market.Please contact the listing agent to schedule all showings.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Lot Size: 0.30 Acres
Roof Type: Shingle
Year Built: 1995
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 2
Rent: $530.00
Square Footage: 900.00
Unit Type 2:
Bedrooms: 2
Full Baths: 2
Rent: $900.00
Square Footage: 900.00
Feature Descriptions
Appliances: Dishwasher, Refrigerator, Electric Range, Electric Oven
Days on Site: 260
Exterior: Vinyl Siding
Exterior: Balcony, Rain Gutters
Flooring: Luxury Vinyl
Laundry: Laundry Closet, Washer Hookup, Electric Dryer Hookup
Parcel #: 024M
Porch/Patio/Deck: Covered, Rear Porch, Front Porch
Sewer: Public Sewer
Water: Public
Local Schools
High School: East
Middle School: Meadowview
Elementary School: Fairview-Marg
Listed By / Shown By
Listed By
Agency Name: The Cate Group, Realty & Property Management LLC
Agency Phone: (865) 350-6411
Shown By
Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660
Estimate Your Payment
Estimated Payment
$ 1,746.98 per month $1,667.65 Principal & Interest $0.00 Property Tax (data not provided by mls) $79.33 Homeowner's Insurance
1562-1564 Shields Ferry Road | MLS# 708973
This multi-family property located at 1562-1564 Shields Ferry Road, Morristown, TN 37814 is currently listed for sale with an asking price of $272,000. Search Morristown real estate on www.franklinrealty.com today.