2014 Faulkner Rd
Morristown, TN 37814
- – beds
- – baths
- 2,592 sqft
- 16,117 sqft lot
- $122 per sqft
- 1966 build
- – on site
More homes
Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units. MAKE US AN OFFER! Feel free to drive by the triplex on Faulkner Rd. in Morristown. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement. 2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. ALL utilities are in the tenants' name(s). Send us your offers ASAP! Type 2014 Faulkner Rd. Morristown, TN 37814 into your GPS to find the property. The units are 2014, 2016, and 2018. You will see 2018 first from the road. 3 units: 3 occupied Owner/ Agent representing herself/ partners Whitney Nicely East- Principal Broker 865 Investors, LLC Pro Forma Cap Rate: 5% Pro Forma NOI: $29,160 Current Cap Rate: 3.96% Current NOI: $17,820 2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. Owner/ Agent representing herself/ partners Whitney Nicely East- Principal Broker 865 Investors, LLC
Listing courtesy of KAARMLS / 865 Investors, LLC
Last checked:
Checking…
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Last updated Oct 1, 2024
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MLS# 1264979 —
The Building
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Year Built:1966
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New Construction:No
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Construction Materials:Block, Brick
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Architectural Style:None
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:None
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Patio & Porch Features:None
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Security Features:None
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Accessibility Features:None
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Building Area Total:2592.0
Interior
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Rooms Total:None
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Flooring:Hardwood, Carpet, Tile
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Location
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Directions:Turn left onto US-11E N Pass by Sonic Drive-In (on the right in 14.3 mi) 21.1 mi Turn right onto TN-160 S/TN-342 E Continue to follow TN-160 S 8.1 mi Turn left onto the US-25E N ramp 0.2 mi Merge onto US-25 E N 2.6 mi Take the US-11E N/E Andrew Johnson Hwy ramp to Greeneville/Morristown 0.2 mi Take the ramp to Morristown 144 ft Turn right onto TN-66 S/US-11E S/E Andrew Johnson Hwy Continue to follow TN-66 S/E Andrew Johnson Hwy 0.6 mi Turn right onto Ridgelawn Ave 0.1 mi Turn left onto Faulkner Rd Destination will be on the left 102 ft
The Property
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Parcel Number:034C A 011.00
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Property Type:Multi-Family
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Property Subtype:None
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Lot Features:None
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Lot Size Area:16117.0
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Lot Size Acres:0.37
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Lot Size Dimensions:100x157M
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Lot Size SqFt:16117.0
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Lot Size Source:None
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Lot Size Units:Square Feet
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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View:None
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Fencing:None
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Waterfront:No
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Water Body Name:None
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Frontage Type:None
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Road Frontage Type:None
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Property Attached:No
Listing Agent
- Contact info:
- Office phone:
- (865) 309-4500
Taxes
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Tax Annual Amount:None
Beds
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Bedrooms Total:None
Baths
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Full Baths:None
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Three Quarter Baths:None
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Half Baths:None
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Partial Baths:None
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Quarter Baths:None
The Listing
Heating & Cooling
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Heating:Central, Natural Gas
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Heating:true
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Cooling:Central Cooling
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Cooling:true
Utilities
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Utilities:None
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Electric:None
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Sewer:None
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Water Source:None
Schools
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Elementary School District:None
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Middle Or Jr High School District:None
The Community
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Senior Community:No
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Community Features:None
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Pool Private:No
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Pool Features:None
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Spa Features:None
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Association:No
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Association Fee:None
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Association Fee Includes:None
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Association Fee Frequency:None
Parking
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Attached Garage:false
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Carport Spaces:None
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Parking Features:Off-Street Parking, None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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9/30/24
Sep 30, 2024
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Sold | KAARMLS | $318,000 | -2.2% |
8/14/24
Aug 14, 2024
|
Pending | KAARMLS | $325,000 | |
8/13/24
Aug 13, 2024
|
Price Changed | KAARMLS | $325,000 | -7.1% |