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Pending
  • $799,000

    106 King Ave, Morristown, TN 37814

    --beds
    0baths
    4,500sqft
    : 
    Multi Family
    Built in 1974
    -- sqft lot
    $-- Zestimate®
    $178/sqft
    $-- HOA

    What's special

    Detached garageNew roofElectrical and plumbing upgradesUpdated hvac systems
    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.
    55 days
    on Zillow
    |
    45
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 18, 2025 at 10:22am

    Listed by:

    Ford Collier 865-337-3438,

    SVN I Wood Properties 865-936-9999

    Source: East Tennessee Realtors,MLS#: 1305778MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Flooring: Carpet, Vinyl
    Interior area
    • Total structure area: 4,500
    • Total interior livable area: 4,500 sqft

    Property

    Parking
    • Parking features: On Premise Parking
    Details
    • Parcel number: 034G A 001.02

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame
    Condition
    • Year built: 1974

    Community & HOA

    Location
    • Region: Morristown

    Financial & listing details

    • Price per square foot: $178/sqft
    • Tax assessed value: $137,500
    • Annual tax amount: $1,738
    • Date on market: 6/23/2025
    • Listing terms: New Loan,Cash,Conventional
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