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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!
1637 Jefferson St, Morristown, 37814
Priced At: $375,000
Property Details for ID: 1306035
SqFt: 2,272
Price SqFt: $165
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-06-25T19:13:47Z
Subdivision: Drinnon Hts
Public Remarks: WELL MAINTAINED BRICK MORRISTOWN TRIPLEX - FULLY RENTED - NEW ROOF This fully rented, triplex offers a fantastic investment opportunity in a prime location, just 2 miles to Cherokee Park on Cherokee Lake and convenient to the local neighborhood Wal-Mart. Built in 1978, the property has been meticulously maintained and is ready for its next owner. Two of the three units have been completely renovated with all new kitchens, flooring, and paint. This property is fully rented, ensuring a steady income stream. With its location near major retail and dining options, and access to highways and public services, this triplex is an ideal addition to your portfolio. As Jefferson is fully rented, we have included photos and videos of each unit for viewing. No sign on property and we respectively request that you do not disturb the residents.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 2,272
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Financing
Annual Operating Expenses: 8,993
Net Operating Income: 25,231
HOA Information
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Up Coming Open Houses
Directions
Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown, 0.5 miles turn right onto Davy Crockett Pkwy to Cumberland Gap Park, in 6.4 miles veer left onto N Davy Crockett Pkwy, in 2.8 miles turn left onto Cherokee Park Rd. 900 ft turn left onto Buffalo Trail, 0.9 turn left onto Wagon Wheel Dr, 600 ft ahead turn left onto Shady Ln. 0.3 miles turn left onto Jefferson st and the triplex will be on your right.
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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!