Morristown, TN 37814,5954 Hiawatha Rd
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Morristown, TN 37814,5954 Hiawatha Rd
Morristown, TN 37814,5954 Hiawatha Rd
Morristown, TN 37814,5954 Hiawatha Rd
Morristown, TN 37814,5954 Hiawatha Rd

$295,000

Est. payment /mo

$299,900

1.6%
Est.Price: ?

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5954 Hiawatha Rd Morristown, TN 37814

3,074 SqFt

SOLD DATE : 01/18/2024

Key Details

Sold Price $295,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,074 sqft

Price per Sqft $95

Subdivision Musser Howard Farm

MLS Listing ID 1241640

Sold Date 01/18/24

Originating Board East Tennessee REALTORS® MLS

Year Built 1979

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 County - 38

Rooms

Family Room Yes

Other Rooms Family Room

Interior

Heating Central, Baseboard, Electric

Cooling Central Cooling, Wall Cooling

Flooring Laminate

Appliance Refrigerator

Heat Source Central, Baseboard, Electric

Exterior

Exterior Feature Porch - Covered

Parking Features Off-Street Parking

Garage Description Off-Street Parking

Roof Type Shingle

Garage No

Building

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

Structure Type Brick

Others

Restrictions Yes

Tax ID 039 035.08

Energy Description Electric

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

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Listed by ReMax Real Estate Ten

Tracy Payne

Founding Advisor | REALTOR® | License ID: 361991

+1(865) 385-9872

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