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1215 Shields Ferry Rd, Morristown, TN 37814

$748,700
: 5,360
SqFt

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Sold Price: $748,700
List Price: $775,000
Closing Date: Jan 15, 2026
MLS#: 1317448
Status: CLOSED
Type: Single Family Residential
City: Morristown
County: Hamblen
Living Area: 5,360
Lot Size: 17,860
Year Built: 1976
Subdivision: Hall Ray D Prop

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Property Description

RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!! This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.

8653072705

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Additional Information

Acres: 0.41
Appliances: Refrigerator, Range
Construction: Block, Brick, Other
Cooling: Wall Unit(s), Zoned
Floors: Laminate, Vinyl
Garage: On Premise Parking
Living Area: 5,360
Lot Dimensions: 125X119
Year Built: 1976