309 7th North ST Morristown, TN 37814
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 10,454 sqft
Price per Sqft $21
MLS Listing ID 712869
Style Ranch
Bedrooms 4
Full Baths 2
Year Built 1965
Annual Tax Amount $1,811
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.24
Property Sub-Type Duplex
Source Lakeway Area Association of REALTORS®
Property Description
Currently generating a solid 7 CAP, with the potential to reach up to 13 CAP through strategic improvements and rent optimization -- a compelling opportunity for value-add investors.
The location is hard to beat: minutes from the hospital, close to downtown Morristown, and convenient to mall shopping and a wide range of other amenities. This combination of walkability, accessibility, and upside potential makes it a standout addition to any rental portfolio.
Whether you're a seasoned investor or looking to add your first multi-family property, this duplex offers both immediate income and room to grow. Contact us today for financials and to schedule your showing!
Location
State TN
County Hamblen
Direction Heading East on 11E, take a left onto N Fairmont Ave and take the 7th right onto W 7th North St. This duplex is the 3rd to last property on the right.
Interior
Interior Features Ceiling Fan(s)
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Fireplaces Type Metal
Fireplace Yes
Window Features Metal Frames
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Accessibility Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Entrance, Accessible Kitchen, Central Living Area, Common Area
Porch Rear Porch
Building
Lot Description City Lot
Foundation Brick/Mortar
Water Public
Architectural Style Ranch
Structure Type Brick
Others
Senior Community No
Tax ID 033L E 01101 000
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
