BEDS4
BATHS4 full
MLS#708972
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFairview Garden
Property Description
Generating a strong combined monthly rental income of $1,875, this income-producing duplex offers immediate cash flow from day one. Both units are currently occupied, providing stable tenancy, and each apartment is separately metered for water and electricity, supporting efficient management and reduced operating complexity. One of these units is newly renovated, further adding to overall value and tenant appeal. Located just minutes from downtown, the property presents an opportunity for investors seeking dependable income and long-term upside.The neighboring duplex at 1562-1564 Shields Ferry Road is also available for purchase, creating the potential to acquire multiple side-by-side rental properties in a desirable location.With current rental income, recent improvements, and high potential, this property is well-suited for investors looking to expand or strengthen their portfolio in the Morristown market.Please contact the listing agent to schedule all showings.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Lot Size: 0.30 Acres
Roof Type: Shingle
Year Built: 1995
Units
Unit Type 1:
Bedrooms: 2
Full Baths: 2
Rent: $975.00
Square Footage: 900.00
Unit Type 2:
Bedrooms: 2
Full Baths: 2
Rent: $800.00
Square Footage: 900.00
Feature Descriptions
Appliances: Dishwasher, Refrigerator, Electric Water Heater, Electric Range, Electric Oven
Days on Site: 249
Exterior: Balcony, Rain Gutters
Exterior: Vinyl Siding
Flooring: Luxury Vinyl
Laundry: Laundry Closet, Washer Hookup, Electric Dryer Hookup
Lot: Paved
Outbuildings: None
Parcel #: 024M
Porch/Patio/Deck: Covered, Rear Porch, Front Porch
Sewer: Public Sewer
Water: Public
Local Schools
High School: East
Middle School: Meadowview
Elementary School: Fairview-Marg
Listed By / Shown By
Listed By
Agency Name: The Cate Group, Realty & Property Management LLC
Agency Phone: (865) 350-6411
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Lakeway MLS
Estimate Your Payment
Estimated Payment
$ 684.69 per month $605.35 Principal & Interest $0.00 Property Tax (data not provided by mls) $79.33 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1542-1544 Shields Ferry Road | MLS# 708972
This multi-family property located at 1542-1544 Shields Ferry Road, Morristown, TN 37814 is currently listed for sale with an asking price of $272,000. Search Morristown real estate on online.fusion2b.com today.