Property Listing No Longer Available for Sale

SOLD! 2630 Stonebrook Ln, Morristown, TN

Multi-family for Sale - $159,900 - 2,240 Sq. Ft. on 0.97 acres


Property Info

CIMLS#1065998
Location
  SOLD! 2630 Stonebrook Ln
  Morristown TN 37814
UpdatedFebruary 17th, 2020
TypeMulti-family
Price$159,900
Building2,240 Sq. Ft.
Land0.97 acres

Property Description

Brick and vinyl duplex with both sides rented offered for sale. Built in 2006, these units are well maintained. Each side has 3 levels: basement/garage, main level features living room, dining room, laundry closet, kitchen, and half bath; upstairs is 2 bedrooms and a full bathroom. Each side has a deck on back side of unit. Tenants responsible for their own lawn care. Also included in sale is Lot 26 which lies to the left of the duplex. Live in one side and rent out the other to pay the mortgage! Great income generating property; currently taking in $1300/mo.


Financials

$1300/month income between the 2 units. County taxes $1352/year. Maintenance expense $500/year. Insurance expense $1650/year. NOI $12098



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