2014 Faulkner Road, Morristown, TN 37814

$400,000
9
BD
3
BA
2,592
SqFt
List Price
$400,000
Price Change
▼ $25,000 1720466899
MLS#
703898
Status
ACTIVE
Type
Single Family Residential
City
Morristown
County
Hamblen
Bedrooms
9
Bathrooms
3
Baths Full
3
Living Area
2,592
Lot Size
16,117
Year Built
1966

Property Description

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 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.

Additional Information

Acres
0.37
Cooling
Central Air
Living Area
2,592
Lot Dimensions
100x157M
Year Built
1966
Heating
Central

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of 865 Investors, LLC.