2860 Blue Ridge Drive
Property Description
Turnkey Renovated Duplex in Morristown, Tennessee Excellent 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.
Broker Details
The Cate Group, Realty & Property Management LLC MLS ID: 29_2622 State License Number: 323701
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $319,900 |
| No. of Units: | 2 |
| Year Built: | 1986 |
| Opportunity Zone: | No |
| Price per unit: | $159,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-LAARTN-712928
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