Morristown, TN 37814,5954 Hiawatha RD
Morristown, TN 37814,5954 Hiawatha RD
Morristown, TN 37814,5954 Hiawatha RD
Morristown, TN 37814,5954 Hiawatha RD
Morristown, TN 37814,5954 Hiawatha RD
Morristown, TN 37814,5954 Hiawatha RD
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$295,000

$299,900

1.6%
Est.Price: ?

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Est. payment /mo

2,318 SqFt


SOLD DATE : 01/19/2024

Key Details

Sold Price $295,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 2,318 sqft

Price per Sqft $127

Subdivision Not Listed

MLS Listing ID 9957673

Sold Date 01/19/24

Style Traditional

HOA Y/N No

Originating Board Tennessee/Virginia Regional MLS

Year Built 1979

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions 100x448

Property Description

Discover a golden investment opportunity at 5954 Hiawatha Road in Morristown, TN—a triplex that's primed for profit. Situated on a generous 0.94-acre lot, this property offers more than just space; it offers financial freedom. Two units are already rented, generating a combined monthly income of $1,545. With a long-time renter in one unit at $650 per month and the second unit fetching $895, you're stepping into a stable income stream from day one.

The property currently features three units, with the potential to finish a fourth. Imagine the revenue possibilities when you unlock this additional income source. The downstairs unit has been completely remodeled, saving you time and renovation costs. Plus, each unit comes equipped with a stove and refrigerator, making it move-in ready for tenants.

Each unit has washer/dryer hookups, adding convenience for tenants and desirability to your property. What's more, tenants pay all utilities, minimizing your overhead expenses. Located near Panther Creek State Park, this multi-family property offers a serene setting that tenants will find attractive. The natural surroundings can be a unique selling point, adding value to your investment. At $299,900, this property is a smart investment for anyone looking to diversify their portfolio with real estate.

Location

State TN

County Hamblen

Community Not Listed

Area 0.94

Zoning Commercial

Direction Collinson Ford Rd. Bear right on Hiawatha. On left

Rooms

Basement Exterior Entry, Finished, Heated

Interior

Heating Electric, Central, Baseboard, Electric

Cooling Central Air, Window Unit(s)

Flooring Laminate

Fireplace No

Appliance Built-In Electric Oven, Refrigerator

Heat Source Electric, Central, Baseboard

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Garage Circular Driveway, Gravel

Utilities Available Cable Available

Roof Type Shingle

Porch Covered, Front Porch

Parking Type Circular Driveway, Gravel

Building

Lot Description Rolling Slope

Sewer Septic Tank

Water Public

Architectural Style Traditional

Structure Type Brick

New Construction No

Schools

Elementary Schools Out Of Area

Middle Schools Out Of Area

High Schools Out Of Area

Others

Senior Community No

Tax ID 039 035.08

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Amy Shrader • REMAX Real Estate Ten of Morristown
Bought with Non Member • Non Member
agent-avatar

+1(276) 492-4662

canaan@realtorcanaan.com

713 Volunteer Parkway, Suite 1, Bristol, TN, 37620

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