Courtesy: 865 Investors, LLC
865-309-4500
Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units. MAKE US AN OFFER! Feel free to drive by the triplex on Faulkner Rd. in Morristown. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement. 2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. ALL utilities are in the tenants' name(s). Send us your offers ASAP! Type 2014 Faulkner Rd. Morristown, TN 37814 into your GPS to find the property. The units are 2014, 2016, and 2018. You will see 2018 first from the road. 3 units: 3 occupied Owner/ Agent representing herself/ partners Whitney Nicely East- Principal Broker 865 Investors, LLC Pro Forma Cap Rate: 5% Pro Forma NOI: $29,160 Current Cap Rate: 3.96% Current NOI: $17,820 2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. Owner/ Agent representing herself/ partners Whitney Nicely East- Principal Broker 865 Investors, LLC
Courtesy: Century 21 Masengill-McCrary Realtors
423-586-6653
13 - 1 bedroom apartments and 1 - 2 bedroom apartment with a full basement. Total current gross income is $126000 annually. Pest control contract - $150 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300 per month with an $80 expense for gas. Also you could rent out the 7833 square foot basement.
Courtesy: Century 21 Masengill-McCrary Realtors
423-586-6653
6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
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Morristown is located in Tennessee. Morristown, Tennessee has a population of 29,446. Morristown is less family-centric than the surrounding county with 29.08% of the households containing married families with children. The county average for households married with children is 29.56%.
The median household income in Morristown, Tennessee is $33,597. The median household income for the surrounding county is $42,042 compared to the national median of $57,652. The median age of people living in Morristown is 36.8 years.
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 26.4 degrees. The average rainfall is approximately 47 inches per year, with 12.1 inches of snow per year.
