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1562-1564 Shields Ferry Road, Morristown, TN 37814

$272,000
  • 1562-1564 Shields Ferry Road, Morristown, TN 37814 Main Photo

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Pending Price Reduced by $5,750 on May 14th, 2026
BEDS4 BATHS4 full MLS#708973
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFairview Garden

Property Description

This duplex is fully occupied with tenants currently in place, generating a combined monthly rental income of $1,430. With immediate cash flow, established occupancy, individual electric and water meters for each apartment, and the potential to achieve top-of-market rent, this property offers an excellent addition to any investment portfolio. The neighboring duplex at 1542-1544 Shields Ferry Road is also available for purchase, presenting a unique opportunity for investors looking to acquire multiple income-producing properties in the same area.Whether you are a seasoned investor or looking to enter the rental market, this property offers strong potential for consistent income and long-term appreciation in a growing market.Please contact the listing agent to schedule all showings.

1562-1564 Shields Ferry Road | MLS# 708973

This multi-family property located at 1562-1564 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.

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: $530.00
Square Footage: 900.00
Unit Type 2:
Bedrooms: 2
Full Baths: 2
Rent: $900.00
Square Footage: 900.00

Feature Descriptions

Appliances: Dishwasher, Refrigerator, Electric Range, Electric Oven
Days on Site: 249
Exterior: Vinyl Siding
Exterior: Balcony, Rain Gutters
Flooring: Luxury Vinyl
Laundry: Laundry Closet, Washer Hookup, Electric Dryer Hookup
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

IDX logo

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 Insurance

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