$775,000

1215 Shields Ferry Rd, Morristown, TN 37814

  • 5,360 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon0.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $145/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!! This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.

Listing Status:
Pending
Date Added:
October 3, 2025 at 05:00AM
Listing Office:
Goldman Partners Realty, LLC : 865-705-8675
MLS ID:
1317448
  • Appliances: RefrigeratorRange
  • Flooring: LaminateVinyl
  • A/C: Wall Unit(s)Zoned
  • Heating: OtherZonedElectric
  • Parking: On Premise Parking
  • Roofing: Composition
  • General: BlockBrickOther
  • Originating MLS: East Tennessee REALTORS® MLS
  • County: Hamblen County - 38
  • Zoning: 033D I 011.02
  • Source: East Tennessee REALTORS® MLS

This listing courtesy of Goldman Partners Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

West Elementary School

235 W Converse St, Morristown, TN, 37814

Grades PK-5

0.60 miles away

M

Meadowview Middle School

1623 Meadowview Ln, Morristown, TN, 37814

Grades 6-8

1.14 miles away

M

Morristown East High School

1 Hurricane Ln, Morristown, TN, 37813

Grades 9-12

1.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.