$748,700
$775,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
1215 Shields Ferry Rd Morristown, TN 37814
5,360 SqFt
Key Details
Sold Price $748,700
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,360 sqft
Price per Sqft $139
Subdivision Hall Ray D Prop
MLS Listing ID 1317448
Sold Date 01/15/26
Year Built 1976
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 125X119
Source East Tennessee REALTORS® MLS
Property Description
RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!!
This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.
Location
State TN
County Hamblen County - 38
Area 17860.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Zoned, Other, Electric
Cooling Wall Cooling, Zoned
Flooring Laminate, Vinyl
Appliance Range, Refrigerator
Heat Source Zoned, Other, Electric
Exterior
Exterior Feature Patio
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Composition
Porch true
Garage No
Building
Faces Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown, 0.5 miles turn right onto Davy Crockett Pkwy to Cumberland Gap Park, in 2 miles turn left onto Old Highway 25E, in 5 miles turn left onto Shields Ferry Rd and keep left. In 150 ft the eight-plex will be on your left.
Structure Type Brick,Block,Other
Others
Tax ID 033D I 011.02
Energy Description Electric
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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