Investment Opportunity in West End Morristown - 9% Cap Rate Triplex on Nearly 1 Acre
Located in a desirable area of West End Morristown, this well-positioned triplex sits on a spacious 0.94-acre lot and offers immediate cash flow with a current cap rate of approximately 9%. Each unit is separately metered and fully occupied, providing stable rental income with room for future growth.
The property features ample parking, a large shared yard, and potential for expansion or value-add improvements. Whether you're a seasoned investor or looking to start your portfolio, this triplex presents a rare opportunity in a sought-after area close to schools, shopping, and major roadways.
For sale
Price cut: $5K (10/1)
$359,900
5954 Hiawatha Rd, Morristown, TN 37814
6beds
--sqft
Est.:
Triplex, Multi Family
Built in 1979
-- sqft lot
$352,300 Zestimate®
$--/sqft
$-- HOA
What's special
Large shared yardAmple parking
- 75 days |
- 412 |
- 22 |
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