2014 FAULKNER RD MORRISTOWN, TN 37814

Features

• Price/sqft: $183
• Lot Size: 15700 sq. ft.
• Total Units: 3
• Total Rooms: 8
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3
• Stories: 100
• Roof Type: GABLE OR HIP
• Heating: Central Furnace
• Exterior Walls: Concrete Block

Facts

• Year Built: 01/01/1966
• Property ID: 888316284
• MLS Number: 703898
• Parcel Number: 034C-A-011.00
• Property Type: Commercial
• County: HAMBLEN
• Legal Description: 100X157M
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units.MAKE US AN OFFER! Feel free to drive by the triplex on Faulkner Rd. in Morristown. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement. 2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.ALL utilities are in the tenants' name(s). Send us your offers ASAP! Type 2014 Faulkner Rd. Morristown, TN 37814 into your GPS to find the property.The units are 2014, 2016, and 2018.You will see 2018 first from the road.3 units: 3 occupied Pro Forma Cap Rate: 5%Pro Forma NOI: $29,160Current Cap Rate: 3.96%Current NOI: $17,8202,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.