12 Spacious Apartments For Sale in Morristown

Multi-Family for Sale
Catylist Listing ID: 30827442
Number of Units: 12 Units
Building Size (RSF): 13,813 SF
Gross Building Area: See Agent
Gross Land Area: 1.07 Acres
Sale Price: $1,499,900
Unit Price: $124,991.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Wilmyer Court
Usable Size (USF): 13,813 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/15/2023

Overview / Comments

Wilmyer Court has (8) units at 106 Hamilton Avenue. Spacious apartments with old world charm, covered balconies, on street and off street parking accessed via gravel driveway beside the building. 307 & 313 W. 1st North Street have a total of 4 units with off street parking and one 2-car garage shared by both buildings. Very spacious apartments with a lot of character. All units are occupied so call listing agent for appointment to show with at least 24 hours notice. Property is being sold AS IS.

Attachments & Media

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032033MN01600
Percent Occupied: 100%
Property Located Between: W. Andrew Johnson Highway and W. Morris Blvd.
Highway Access: 11E
Airports: Tyson-McGee and Tri-Cities and Morristown
Site Description: Downtown Morristown
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 2
Year Built: 1915
Construction/Siding: Brick, Brick/Vinyl Siding
Exterior Description: Off street parking and also on street parking. One 2-car garage shared by two of the buildings. Spacious green space behind building with concrete parking pad.
Parking Type: Surface
Total Parking Spaces: 12
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Interior Description: Spacious apartments with a lot of character and charm, hardwood floors, fireplaces.
Lot Frontage: 198
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: 106 Hamilton Avenue, 307 & 313 W. 1st North Street, Morristown, TN 37814; Tax Map 33M Group N Parcels 2.00, 3.00, & 16.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,397 30,495 44,184
Median Age: 34.19 37.24 38.65
Households: 3,505 11,973 17,377


Photograph of Listing Agent

Rhonda Krenzer

Re/Max Real Estate Ten KAAR CIE Member
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