Triplex for SALE in Morristown!! For Sale

  • $475,000
  • 9 beds
  • 3 baths
  • 2592 sqft

Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units.

MAKE US AN OFFER!

Feel free to drive by the triplex on Faulkner Rd. in Morristown.

Please do not disturb the tenants.

Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement.

2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.

ALL utilities are in the tenants’ name(s).

Send us your offers ASAP!

Type 2014 Faulkner Rd. Morristown, TN 37814 into your GPS to find the property.

The units are 2014, 2016, and 2018.

You will see 2018 first from the road.

3 units: 3 occupied
Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC
Office- 865-309-4500
Email- info@whitneynicely.com

Pro Forma Cap Rate: 5%
Pro Forma NOI: $29,160

Current Cap Rate: 3.96%
Current NOI: $17,820

2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.

Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC
Office- 865-309-4500
Email- info@whitneynicely.com

Price:
$475,000
Address:
2014 Faulkner Road
Morristown, Tennessee 37814
Square Feet:
2592
Lot Size:
100x157M
Bedrooms:
9
Bathrooms:
3
Terms:
For Sale
Property Type:
Triplex
Year Built:
1966

Call 865-309-4500 for more details

Property Location