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.
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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 |
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 |
|
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