Courtesy: PWA Properties
865-233-6441
106 King Avenue is a five-unit multifamily investment opportunity located in Morristown, Tennessee. The property features a diverse unit mix, including two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one 4 bed / 2 bath unit, appealing to a broad tenant base and supporting a projected annual income of $75,600. Over $150,000 in recent capital improvements have been completed including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors. This property is located centrally in Morristown with convenient access to I-81 and numerous employers and retailers.
Take advantage of this stabilized, income-producing multifamily portfolio featuring two apartment buildings totaling 12 units, ideally positioned on two separate streets while still conveniently close to local amenities, shopping, dining, and everyday necessities. Each of the twelve units is a 1 bedroom, 1 bathroom layout and the property is 100% occupied. Two units have already been renovated, offering immediate upside and a clear value-add path for a new owner looking to continue strategic improvements over time. The current owner covers property taxes, insurance, pest control, and landscaping, helping maintain the asset and curb appeal, while tenants are responsible for all utilities, keeping operating expenses more efficient. With steady in-place cash flow and room to enhance returns through additional renovations and future rent growth, this is a strong opportunity for investors seeking a well-performing multifamily asset in a convenient location.
This home is situated only minutes from downtown Morristown, but offers the peace and quiet that comes with living away from the city. Furthermore, this home is currently split into two apartments and can be left as a multi-family duplex, or could even be turned into a single-family residential home with a mother-in-law suite! Finally, this property comes with a fenced in area in the backyard, and a patio behind the home. Currently, the total monthly income for both apartments combined is $1,950. Please contact Listing Agent when requesting to show this property.
Take a look at this duplex located just a few minutes from the middle of downtown Morristown! Both units are currently inhabited by tenants with a total monthly rent income of $1,430. This property and the neighboring duplex, 1542-1544 Shields Ferry Road, are being sold separately. Please contact Listing Agent when requesting to show this property.
Take a look at this duplex located just a few minutes from the middle of downtown Morristown! This duplex sports one newly renovated unit and both units are currently inhabited by tenants with a total monthly income of $1,875. This property and the neighboring duplex, 1562-1564 Shields Ferry Road, are being sold separately. Please contact Listing Agent when requesting to show this property.
WATCH AN AERIAL VIDEO: COPY AND PASTE IN YOUR BROWSER: https://tidwellmediaco.picflow.com/ldgyjbgrs6/asset_5r8hs1BIbgF24t3B?autoplay=true What a rare opportunity to own a true piece of Tennessee heaven with over 31 acres of rolling pastureland, mountain views, and a flowing creek. This beautiful property includes not one, but two homes—a 1991 singlewide 924 sq ft of living space with 2 bedrooms and 2 baths, and a 2018 Norris doublewide 1758 sq ft of living space offering 3 bedrooms, 2 baths, and an open-concept floor plan. Three storage buildings are also included, providing ample space for tools, equipment, or hobbies. The land is mostly fenced and features stunning Smoky Mountain and valley views from the upper elevations, with Robinson Creek crossing the property below. Perfectly located just minutes from Morristown, I-81, Hwy 160, Walters State Community College, restaurants, medical facilities, schools, and shopping, this property offers endless possibilities. Ideal for multi-generational living, a private homestead, or as an investment to rent, subdivide, or build your dream home. Opportunities like this don't come often—call today for your private tour!
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Morristown is located in Tennessee. Morristown, Tennessee has a population of 30,387. Morristown is less family-centric than the surrounding county with 27.21% of the households containing married families with children. The county average for households married with children is 28.71%.
The median household income in Morristown, Tennessee is $36,495. The median household income for the surrounding county is $45,275 compared to the national median of $69,021. The median age of people living in Morristown is 37.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.7 degrees. The average rainfall is approximately 44.9 inches per year, with 9.8 inches of snow per year.
