1. Tennessee
  2. Morristown
  3. 106 King Ave
$799,000

106 King Ave, Morristown, TN 37814

  • 4,500 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $178/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

This multifamily investment at 106-114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset. A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.

Listing Status:
Pending
Date Added:
June 23, 2025 at 05:00AM
Listing Office:
SVN I Wood Properties : 865-936-9999
MLS ID:
1305778

This listing courtesy of SVN I Wood Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Hillcrest Elementary School

407 S Liberty Hill Rd, Morristown, TN, 37813

Grades PK-5

0.34 miles away

M

Meadowview Middle School

1623 Meadowview Ln, Morristown, TN, 37814

Grades 6-8

0.65 miles away

M

Morristown East High School

1 Hurricane Ln, Morristown, TN, 37813

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.