1987 Joe Stephens Road, Morristown, TN 37814
1987 Joe Stephens Road, Morristown, TN 37814
1987 Joe Stephens Road, Morristown, TN 37814
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Listed by Trey Cate • The Cate Group, Realty & Property Management LLC
$255,000
Est. payment /mo
3 Beds
2 Baths
37,897 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 37,897 sqft

Price per Sqft $6

MLS Listing ID 708974

Bedrooms 3

Full Baths 2

Year Built 1952

Annual Tax Amount $503

Lot Size 0.870 Acres

Acres 0.87

Lot Dimensions 0.87

Property Sub-Type Duplex

Source Lakeway Area Association of REALTORS®

Property Description

This income-producing property generates a combined monthly rental income of $1,950, delivering immediate cash flow for investors from day one. Currently configured as a duplex with both apartments sharing electric and water meters, the setup supports efficient operation while maintaining strong rental performance. Offering both convenience and long-term flexibility, this property presents a solid opportunity for steady income and future upside.

The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite for added value.

Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. With strong rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income.

Please contact the listing agent to schedule all showings.

Location

State TN

County Hamblen

Direction Traveling East on 11E, stay on the highway until you get to the red light in front of Ingles that allows you to turn on to Kidwell Ridge Rd. Take a left at the light, and travel down the road until you veer slightly to the right on to Joe Stephens Road. Once on this road, follow it until you see the home up on a hill to your left.

Interior

Heating Central, Varies by Unit

Cooling Ceiling Fan(s), Central Air, Wall Unit(s)

Exterior

Exterior Feature Balcony, Rain Gutters

Utilities Available Electricity Connected, Water Connected

Roof Type Shingle

Porch Covered, Patio

Building

Foundation Slab

Water Public

Structure Type Vinyl Siding

Schools

High Schools West

Others

Senior Community No

Tax ID 032


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Scottie Hooper

Scottie Hooper

+1(423) 608-9020

Broker | License ID: 357007

Broker License ID: 357007

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