305-365 Barkley Landing Dr - Apartments FOR SALE


Morristown, TN 37813
$2,700,000 USD
865-850-4551
305-365 Barkley Landing Dr, Morristown, TN for Sale
$2,700,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

305-365 Barkley Landing Dr
Morristown, TN 37813


OVERVIEW

Brand New Construction Multi-Family Investment Property - 12 Fully Leased Units in Morristown, TN Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential. Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal. Property Highlights: - Total of 12 units (3 buildings with 4 units each) - Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft. - One handicap-accessible unit per building (3 total) - Fully leased - stabilized with immediate rental income - Completed in 2024 - low-maintenance, turnkey investment - Located in a strong rental market with continued growth Pro forma available upon request. Whether you're a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location. Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee's most promising rental markets. Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

12

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

042J-C-042.00

ASK ABOUT THIS PROPERTY

Alyssa ChampagnePrime Mountain PropertiesMore Info
865-850-4551

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Alyssa ChampagnePrime Mountain PropertiesMore Info
865-850-4551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.