Listed by PWA Properties
$725,000
9 Units - Morristown, TN
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,983
Units 9
Occupancy 89%
Price per SqFt $145
Year Built 1985
Buildings 1
Acreage 1.530
Zoning R3
Sale Condition For sale by owner
Affordable Housing
Marketing description
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.
Investment highlights
- 9 Units
- All Units - 1 Bed / 1 Bath
- Affordable Housing
- Located in Morristown, TN with easy access to local employers, amenities, and I-81
Listing Contacts
Listed by PWA Properties
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