825 Donna St - Apartments FOR SALE


Morristown, TN 37814
$725,000 USD
865-603-9887
825 Donna St, Morristown, TN for Sale
$725,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

825 Donna St
Morristown, TN 37814


HIGHLIGHTS

  • 9 Units Total
  • All Units - 1 Bed / 1 Bath
  • Affordable Housing
  • Located in Morristown, TN with easy access to local employers, amenities, and I-81

OVERVIEW

PWA Properties is pleased to present 825 Donna Street, a 9-unit affordable housing community located in Morristown, TN. The property consists entirely of one-bedroom / one-bathroom units and offers investors stable, contract-backed income with a Housing Assistance Payments (HAP) contract in place. The property is managed by a professional third-party management company, with management structured in accordance with HAP regulations. The property is conveniently positioned near retail, employment centers, and major transportation corridors including I-81, making it an attractive housing option within the growing Lakeway Area market.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

9

PRICE/UNIT

$80,556

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units - Morristown, TN

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

R3

APN/PARCEL ID

033E-A-027.00

ASK ABOUT THIS PROPERTY

Cohl MorganPWA PropertiesMore Info
865-603-9887

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Cohl MorganPWA PropertiesMore Info
865-603-9887

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