2309 Clancy AVE Morristown, TN 37814
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 19,166 sqft
Price per Sqft $11
MLS Listing ID 712856
Style Ranch
Bedrooms 4
Full Baths 2
Year Built 1970
Annual Tax Amount $1,446
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 0.44
Property Sub-Type Duplex
Source Lakeway Area Association of REALTORS®
Property Description
Currently performing at a strong 7 CAP, with upside potential to push into the 10-11 CAP range with strategic rent adjustments or minor improvements. A great addition for investors looking to grow their portfolio with immediate cash flow and room to increase returns.
Ideally located on the east end of Morristown with easy access to the middle of town, this property puts tenants close to shopping, dining, and everyday amenities -- a location that supports strong occupancy and tenant retention.
Whether you're expanding your rental portfolio or looking for a solid income-producing property with built-in upside, this duplex checks the boxes. Contact us today for financials and to schedule a showing!
Location
State TN
County Hamblen
Direction Starting from 510 Allison St, turn left in 300ft onto N Jackson St, then turn left in 500ft on W 3rd North St. Then go .3 miles and turn onto N Cumberland St and then onto Wagon Wheel Dr in 2.2 miles. After that, turn in 600ft onto Shady Ln and then the destination is in .2 miles on the left.
Interior
Interior Features Ceiling Fan(s)
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Window Features Metal Frames,Vinyl Frames
Exterior
Exterior Feature Rain Gutters
Roof Type Asphalt,Shingle
Accessibility Accessible Central Living Area, Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Central Living Area, Common Area
Building
Lot Description City Lot
Foundation Block
Water Public
Architectural Style Ranch
Structure Type Brick
Others
Senior Community No
Tax ID 025H G 00500 000
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
