685 Central Church Rd | Morristown, TN 37814
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685 Central Church Rd
Morristown, TN 37814
Parke Villas · Multifamily Property For Sale · 62 Units
Investment Highlights
- Well-maintained and visually appealing multifamily complex
- Some below market rents present excellent value-added opportunity
- Utility water and sewer are provided to tenants. Many units are pet-friendly
- Stable income stream with consistently high occupancy
- Another nearby complex is also available for acquisition
- Unencombered with management agreement. Owner-managed. Assumable loan
PROPERTY FACTS
| No. Units | 62 | Building Size | 77,202 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2018 |
| Building Class | B | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 5.71 AC |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 5.71 AC |
| Building Size | 77,202 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.3/1,000 SF |
PROPERTY TAXES
| Parcel Number | 040D-D-002.01 | Improvements Assessment | $3,760 |
| Land Assessment | $49,080 | Total Assessment | $52,840 |
PROPERTY TAXES
Parcel Number
040D-D-002.01
Land Assessment
$49,080
Improvements Assessment
$3,760
Total Assessment
$52,840
zoning
| Zoning Code | R-2 |
| R-2 |
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