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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
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
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
Zoning R-2

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
040D-D-002.01
Land Assessment
$110,120
Improvements Assessment
$4,520
Total Assessment
$114,640
  • Listing ID: 31891395

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 685 Central Church Rd, Morristown, TN 37814

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