Company Logo

2860 Blue Ridge Drive, Morristown, TN 37814

$319,900
  • 2860 Blue Ridge Drive, Morristown, TN 37814 Main Photo

15 Photos

New to the Market Active
BEDS4 BATHS2 full MLS#712928
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBlue Ridge Hts

Property Description

Turnkey Renovated Duplex in Morristown, TennesseeExcellent investment opportunity in West Hamblen County! This fully renovated duplex offers two separate 2-bedroom, 1-bath units situated on a 0.37-acre lot just off Central Church Road. One unit is currently available for rent, providing an opportunity for a new owner to establish rental income at current market rates.Each unit has been extensively updated with new LVP flooring, kitchen cabinets, countertops, stainless steel appliances, updated bathrooms, new windows, and fresh interior and exterior paint. Exterior improvements include new siding, gutters, decks, and updated heating and cooling systems, along with an existing metal roof.Designed with rental functionality in mind, each unit features its own private entrance and separate driveway, providing added privacy and convenience for tenants. The property offers comfortable outdoor space while remaining manageable for an investment property.Based on anticipated market rents of approximately $1,000-$1,200 per unit, the property has the potential to generate approximately $2,000-$2,400 in gross monthly rental income when fully occupied, subject to market conditions and lease terms.Whether you're adding to an existing rental portfolio or purchasing your first multifamily investment, this renovated Morristown duplex offers a strong combination of updated condition, rental potential, and low initial make-ready requirements.

2860 Blue Ridge Drive | MLS# 712928

This multi-family property located at 2860 Blue Ridge Drive, Morristown, TN 37814 is currently listed for sale with an asking price of $319,900. Search Morristown real estate on www.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall Unit(s)
Heating: Electric
Lot Size: 0.37 Acres
Roof Type: Metal
Year Built: 1986

Units

Unit Type 1:
Bedrooms: 2
Full Baths: 1
Rent: $1200.00
Square Footage: 783.00
Unit Type 2:
Bedrooms: 2
Full Baths: 1
Rent: $1200.00
Square Footage: 783.00

Feature Descriptions

Appliances: Electric Range, Range Hood, Refrigerator, Microwave, Electric Water Heater
Days on Site: 4
Exterior: Brick
Flooring: Luxury Vinyl
HOA Y/N: No
Laundry: Electric Dryer Hookup, Washer Hookup, Main Level
Parcel #: 032K A 01600 000
Porch/Patio/Deck: Deck, Porch
Sewer: Septic Tank
Water: Public
Windows: Vinyl Frames, Blinds

Local Schools

High School: West
Middle School: Westview
Elementary School: Manley

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

$ 805.26 per month $711.96 Principal & Interest $0.00 Property Tax (data not provided by mls) $93.30 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder