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713-719 Jaybird Road Road, Morristown, TN 37814

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For Sale

$799,000

12 beds • 3 baths • 4 half baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

Two Duplexes! Discover the perfect investment opportunity with 2 recently updated duplexes in Morristown, TN! Each building has 2596 sq. ft. of living space. These units have recent updates. The exterior of the left building has been beautifully refreshed with a new coat of paint and covered entrances, adding curb appeal and convenience.This spacious duplex is an excellent income-generating opportunity. The units have 1298 square feet of living space and have been updated with fresh paint and new flooring. The left unit features new luxury vinyl plank (LVP) flooring throughout, while the right has newer LVP and carpet. All four units contain 3 bedrooms, 1 full bath, and 1 half bath. The kitchens are equipped with essential appliances, including a refrigerator, microwave, dishwasher, and an electric range with an oven. The ground floor of each unit includes the kitchen, dining room, and living room, and laundry room with bedrooms and a full bath located on the upper level. 713 is additionally equipped with a new washer and dryer that conveys while 719 has a brand new hvac installed. Currently, all units are occupied, with a gross income of $6550 a month and net income of 72,204 a year. Together, they generate a strong cap rate of 8.97%, making this an appealing investment for those looking to enter or expand their real estate portfolio.
MLS# 706142

Courtesy Of Crye-Leike Lakeway West

(423) 586-4115

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Ceiling Fan
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Heat Pumps
  • Exterior Type
    Block, Brick, Vinyl Siding
  • Heating System
    Central Furnace, Heat Pump
  • Lot Size
    0.68 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 713-719 Jaybird Road Road, Morristown, TN 37814

Home seller CENTURY 21 Masengill-McCrary Realtors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Masengill-McCrary Realtors

(423) 586-6653
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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