This property is an excellent opportunity to expand your investment portfolio, generating an annual income of over $75,000. With 7 one-bedroom units and essential upgrades already completed, this property ensures long-term value and offers the potential for low maintenance for years to come. Convenient East Tennessee location and attractive features make this a must-see for serious investors.
12 one-bedroom units. Insurance is $3,000 annually & mowing is $200 per month. Close to a market, elementary school, and town.
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.