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713 Jaybird Road, Morristown, TN 37814

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For Sale

$412,000

6 beds • 2 baths • 2 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

Discover the perfect investment opportunity with this updated duplex in Morristown, TN! Boasting a combined 2,596 sq. ft. of livable space, this multi-family gem offers a fresh start with recent updates, including new paint and luxury vinyl plank flooring.The exterior 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. Each of the updated units have 1298 square feet of living space and have been completely redone 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. Both 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, with bedrooms and a full bath located on the upper level. The left unit is additionally equipped with a new washer and dryer, ensuring convenience for its occupants.Currently, both units are occupied, with the left unit rented at $1700 per month and the right unit at $1500 per month. Together, they generate a strong cap rate of 8.73%, making this an appealing investment for those looking to enter or expand their real estate portfolio.
MLS# 705153

Courtesy Of Crye-Leike Lakeway West

(423) 586-4115

Property Features

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

Map and Directions

Directions to 713 Jaybird 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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Copyright © 2024 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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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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