6 Beds
4 Baths
2,596 SqFt
6 Beds
4 Baths
2,596 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $152
MLS Listing ID 711833
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1970
Annual Tax Amount $2,778
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 0.34
Property Sub-Type Duplex
Source Lakeway Area Association of REALTORS®
Property Description
This spacious duplex is an excellent income-generating opportunity. Each of the updated units have 1298 square feet of living space and have been updated with fresh paint and new flooring. The left unit features new luxury vinyl plank (LVP) flooring throughout, while the right has newer LVP and carpet.
Both units contain 3 bedrooms, 1 full bath, and 1 half bath. The kitchens are equipped with essential appliances, including a refrigerator, microwave, dishwasher, and an electric range with an oven. The ground floor of each unit includes the kitchen, dining room, and living room, with bedrooms and a full bath located on the upper level. The left unit is additionally equipped with a new washer and dryer, ensuring convenience for its occupants.
This is an incredible, hands off income generator located in the growing Morristown market. This fully occupied duplex offers immediate cash flow. Both units are occupied at 1700 a month. Together, they generate a strong cap rate of 9.10%, making this an appealing investment for those looking to enter or expand their real estate portfolio.
Location
State TN
County Hamblen
Direction From Morris Blvd Turn left onto Jaybird Rd 1.7mi, 713 will be on the left. No sign
Interior
Heating Central, Ductless, Heat Pump
Cooling Central Air, Ductless, Electric, Multi Units, Separate Meters
Fireplaces Type Metal
Fireplace Yes
Window Features Blinds,Double Pane Windows
Exterior
Exterior Feature Rain Gutters
Roof Type Asphalt
Porch Awning(s), Covered
Building
Lot Description Back Yard, Level
Water Public
Structure Type Brick,Vinyl Siding
Others
Senior Community No
Tax ID 012.02
NEARBY SCHOOL & BUSINESS
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States