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2014 Faulkner Rd Morristown, TN 37814
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Key Details
Sold Price $318,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $122
MLS Listing ID 1264979
Sold Date 09/30/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1966
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 100x157M
Property Description
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
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
Location
State TN
County Hamblen County - 38
Area 16117.0
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Central, Natural Gas
Cooling Central Cooling
Flooring Hardwood, Carpet, Tile
Heat Source Central, Natural Gas
Exterior
Garage Off-Street Parking, None
Garage Description Off-Street Parking
Roof Type Shingle
Parking Type Off-Street Parking, None
Garage No
Building
Faces Turn left onto US-11E N Pass by Sonic Drive-In (on the right in 14.3 mi) 21.1 mi Turn right onto TN-160 S/TN-342 E Continue to follow TN-160 S 8.1 mi Turn left onto the US-25E N ramp 0.2 mi Merge onto US-25 E N 2.6 mi Take the US-11E N/E Andrew Johnson Hwy ramp to Greeneville/Morristown 0.2 mi Take the ramp to Morristown 144 ft Turn right onto TN-66 S/US-11E S/E Andrew Johnson Hwy Continue to follow TN-66 S/E Andrew Johnson Hwy 0.6 mi Turn right onto Ridgelawn Ave 0.1 mi Turn left onto Faulkner Rd Destination will be on the left 102 ft
Structure Type Block,Brick
Others
Tax ID 034C A 011.00
Energy Description Gas(Natural)
Acceptable Financing Call Listing Agent, New Loan, FHA, Cash, Conventional
Listing Terms Call Listing Agent, New Loan, FHA, Cash, Conventional
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