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BJ Can Help You Purchase This Unit
Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!
926 E Main St, Morristown, 37814
Priced At: $249,900
Property Details for ID: 1294417
SqFt: 2,352
Price SqFt: $106
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Pending - Continue to Show - Financing
Property Type: MultiFamily
On Market Date: 2025-03-24T16:52:52Z
Public Remarks: Don't miss this fantastic opportunity to expand your investment portfolio with this fully leased, income-producing triplex in the heart of Morristown! This property features three rental units, including two side-by-side main-level units and a basement efficiency, all currently occupied under yearly lease agreements. With a gross income of $27,600 per year, an estimated net income of $23,165 and an 10.8% cap rate, this property offers a strong return on investment. Recent updates include a newly renovated bathroom in Unit B, completed within the last month. Each unit benefits from 1-2 off-street parking spaces, adding to tenant convenience. Situated in a prime location, this property provides easy access to shopping, dining, and major roadways. Additionally, the neighboring rental property at 1002/1004 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. Don't let this investment slip away—schedule your showing today!
Schools Information
Elementary School: HillcrestMiddle / Junior School: Meadowview
High School: Morristown East
Building Description
SqFt (Total): 2,352
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
Annual Operating Expenses: 4,435
Net Operating Income: 23,165
HOA Information
Heating & Cooling
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Property on Left
Your commute
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Mortgage Calculator
This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!