1215 Shields Ferry Rd, Morristown, TN 37814

Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
1215 Shields Ferry Rd,Morristown, TN 37814
$775,000
  • - Beds
  • - Baths
  • 5,360 sq. ft.
  • Multi-family
  • Pending
Listed by: solange velas, sakaylea sanders
Office: goldman partners realty, llc.
MLS#:1317448
Source:TN_KAAR

Price summary

  • Price:$775,000
  • Price per sq. ft.:$144.59

About this home

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.

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Home facts

  • Year built:1976
  • Listing ID #:1317448
  • Added:76 day(s) ago
  • Updated:December 19, 2025 at 08:31 AM

Rooms and interior

  • Living area:5,360 sq. ft.

Heating and cooling

  • Cooling:Wall Cooling
  • Heating:Electric

Structure and exterior

  • Year built:1976
  • Building area:5,360 sq. ft.
  • Lot area:0.41 Acres

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$144.59

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