Lake Home Sale Pending near Cherokee Lake
Turn-Key Triplex in the Heart of Morristown-Fully Leased & Cash-Flowing Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency-each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!Property Details
- Beds: 4
- Baths: 0.0
- Sq Feet: 2352
- Year Built: 1900
- Location: Cherokee Lake
- Acres: 0.230
- County: Hamblen County
- Heat/AC: Heat Pump (Heating), Electric (Heating)
- Siding: Vinyl Siding
- Roof: Shingle
- Stories: 1
- Property Taxes: $567
- MLS #: 9986152
Location
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Ad Statistics:
| Ad Number : | 6961131 |
| Viewed: | 2 times |
| Added: | Dec 15, 2025 |
| Updated on: | Dec 15, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
