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1405 Taft St, Morristown, TN, 37814

7beds
5baths
2,822sqft
$444,900
$158price/sqft
$3,495/moest. monthly cost
$139,800/yrincome needed

About This Home

Spacious Duplex with Strong Returns - Prime Morristown Location Opportunity knocks with this large, income-producing duplex offering a total of 2,822 square feet in a highly convenient Morristown location just minutes from the highway for easy access to town and surrounding areas. This unique property features two sizable units: One unit offers an impressive 5 bedrooms and 3 bathrooms, ideal for maximizing rental potential The second unit includes 2 bedrooms and 2 bathrooms, providing a comfortable and desirable layout for tenants Both units are currently occupied, delivering immediate cash flow with current rents supporting approximately a 9% cap rate relative to the list price. With its generous size, flexible layout, and strong income performance, this property stands out as a great addition to any investment portfolio. The convenient location near major roadways and everyday amenities helps support long-term tenant demand and consistent occupancy. If you're looking for a larger duplex with solid returns and built-in income, this one is worth a closer look.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

3/10
Fairview MargueriteGrades PK-50.5 mi
4/10
Meadowview Middle SchoolGrades 6-81.5 mi
5/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1981

Materials

  • Foundation: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator
  • Laundry features: Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Fireplace features: Metal
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,822

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,822
  • Total interior livable area: 2,822 sqft

Property

Details

  • Parcel number: 025H A 05900 000

Features

  • Levels: Multi/Split

Lot

  • Lot size: 10,018 sqft