BEDS3
BATHS2 full
MLS#708974
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This income-producing property generates a combined monthly rental income of $1,950, delivering immediate cash flow for investors from day one. Currently configured as a duplex with both apartments sharing electric and water meters, the setup supports efficient operation while maintaining strong rental performance. Offering both convenience and long-term flexibility, this property presents a solid opportunity for steady income and future upside.The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite for added value.Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. With strong rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income.Please contact the listing agent to schedule all showings.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall Unit(s), Ceiling Fan(s)
Heating: Central, Varies by Unit
Lot Size: 0.87 Acres
Roof Type: Shingle
Year Built: 1952
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 1
Rent: $1050.00
Square Footage: 1000.00
Unit Type 2:
Bedrooms: 1
Full Baths: 1
Rent: $900.00
Square Footage: 700.00
Feature Descriptions
Appliances: Dryer, Washer, Refrigerator, Electric Range, Electric Oven, Dishwasher
Days on Site: 260
Exterior: Balcony, Rain Gutters
Exterior: Vinyl Siding
Fencing: Back Yard
Flooring: Combination, Wood, Luxury Vinyl
Laundry: Common Area, Laundry Room, Gas Dryer Hookup, Electric Dryer Hookup
Parcel #: 032
Porch/Patio/Deck: Covered, Patio
Sewer: Septic Tank
Water: Public
Local Schools
High School: West
Middle School: Westview
Elementary School: Manley
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
$ 1,637.80 per month $1,563.42 Principal & Interest $0.00 Property Tax (data not provided by mls) $74.38 Homeowner's Insurance
1987 Joe Stephens Road | MLS# 708974
This multi-family property located at 1987 Joe Stephens Road, Morristown, TN 37814 is currently listed for sale with an asking price of $255,000. Search Morristown real estate on www.franklinrealty.com today.