Lake Home Sale Pending near Cherokee Lake
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.Property Details
- Beds: 4
- Baths: 0.0
- Sq Feet: 5360
- Year Built: 1976
- Location: Cherokee Lake
- Acres: 0.410
- County: Hamblen- 38 County
- Community: Hall Ray D Prop
- Heat/AC: Zoned, Electric (Heating)
- Siding: Brick, Block
- Roof: Composition
- Property Taxes: $1,971
- MLS #: 1317448
Location
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Ad Statistics:
| Ad Number : | 6957964 |
| Viewed: | 2 times |
| Added: | Oct 29, 2025 |
| Updated on: | Oct 29, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
