Morristown, TN 37814,106 King Ave
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Morristown, TN 37814,106 King Ave
Morristown, TN 37814,106 King Ave
Morristown, TN 37814,106 King Ave
Morristown, TN 37814,106 King Ave
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$ 799,000
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106 King Ave Morristown, TN 37814

4,500 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $177

MLS Listing ID 1305778

Year Built 1974

Source East Tennessee REALTORS® MLS

Property Description

This multifamily investment at 106-114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters.

The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset.

A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.

Location

State TN

County Hamblen County - 38

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central Cooling

Flooring Carpet, Vinyl

Heat Source Central

Exterior

Parking Features On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Garage No

Building

Faces From E Morris Blvd turn left onto S Liberty Hill Road. Then turn left onto E Main St. Turn right onto King Ave - property on the right.

Structure Type Frame

Schools

Elementary Schools Hillcrest

Middle Schools Meadowview

High Schools Morristown East

Others

Tax ID 034G A 001.02

Energy Description Other Fuel

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional


Listed by SVN I Wood Properties
agent

Pamella Haynes

Broker Associate | License ID: 337966

+1(865) 259-7333

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106 King Ave