0.68 Acres in Morristown, TN - $799,000

Two Duplexes! Discover the perfect investment opportunity with 2 recently updated duplexes in Morristown, TN! Each building has 2596 sq. ft. of living space. These units have recent updates. The exterior of the left building has been beautifully refreshed with a new coat of paint and covered entrances, adding curb appeal and convenience.This spacious duplex is an excellent income-generating opportunity. The units have 1298 square feet of living space and have been updated with fresh paint and new flooring. The left unit features new luxury vinyl plank (LVP) flooring throughout, while the right has newer LVP and carpet. All four units contain 3 bedrooms, 1 full bath, and 1 half bath. The kitchens are equipped with essential appliances, including a refrigerator, microwave, dishwasher, and an electric range with an oven. The ground floor of each unit includes the kitchen, dining room, and living room, and laundry room with bedrooms and a full bath located on the upper level. 713 is additionally equipped with a new washer and dryer that conveys while 719 has a brand new hvac installed. Currently, all units are occupied, with a gross income of $6550 a month and net income of 72,204 a year. Together, they generate a strong cap rate of 8.97%, making this an appealing investment for those looking to enter or expand their real estate portfolio.

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