Discover the perfect investment opportunity with this updated duplex in Morristown, TN! Boasting a combined 2,596 sq. ft. of livable space, this multi-family gem offers a fresh start with recent updates, including new paint and luxury vinyl plank flooring.The exterior has been beautifully refreshed with a new coat of paint and covered entrances, adding curb appeal and convenience. This spacious duplex is an excellent income-generating opportunity. Each of the updated units have 1298 square feet of living space and have been completely redone with fresh paint and new flooring. The left unit features new luxury vinyl plank (LVP) flooring throughout, while the right has newer LVP and carpet. Both units contain 3 bedrooms, 1 full bath, and 1 half bath. The kitchens are equipped with essential appliances, including a refrigerator, microwave, dishwasher, and an electric range with an oven. The ground floor of each unit includes the kitchen, dining room, and living room, with bedrooms and a full bath located on the upper level. The left unit is additionally equipped with a new washer and dryer, ensuring convenience for its occupants. Currently, both units are occupied, with the left unit rented at $1700 per month and the right unit at $1500 per month. Together, they generate a strong cap rate of 8.73%, making this an appealing investment for those looking to enter or expand their real estate portfolio.
Listing courtesy of Crye-Leike Premier Real Estate LLC.
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