7 Apartments; 6 Studio and One 2-Bedroom Apartment

Multi-Family for Sale
Catylist Listing ID: 30793712
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 7 Units
Building Size (RSF): 1,575 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $350,000
Unit Price: $50,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 4/25/2022

Overview / Comments

Investment Opportunity, 7 Unit Apartments located in the center of Morristown, 6 Studio Apartment and one 2-Bedroom apartment, public water and public sewer, on-site parking, located at the end of the street providing some privacy, apartments stay rented and have a solid rental history, metal roof 7 years old,

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032042AG01500
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1965
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: On-Site Parking for the 7 Units plus additional parking also
Total Parking Spaces: 10
Heat Type: Electricity
Fuel: Electric
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,961 29,660 48,639
Median Age: 33.62 37.03 38.94
Households: 3,111 11,615 19,129


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