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9 Units - Morristown, TN 825 Donna St 9 Unit Apartment Building $725,000 ($80,556/Unit) Morristown, TN 37814
Investment Highlights
- 9 Units Total
- Affordable Housing
- All Units - 1 Bed / 1 Bath
- Located in Morristown, TN with easy access to local employers, amenities, and I-81
Executive Summary
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.
Property Facts
| Price | $725,000 | Building Class | C |
| Price Per Unit | $80,556 | Lot Size | 1.53 AC |
| Sale Type | Investment | Building Size | 4,983 SF |
| No. Units | 9 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Low-Rise | Parking Ratio | 0.67/1,000 SF |
| Zoning | R3 | ||
| Price | $725,000 |
| Price Per Unit | $80,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 4,983 SF |
| Average Occupancy | 89% |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 033E-A-027.00 | Improvements Assessment | $430,300 |
| Land Assessment | $55,800 | Total Assessment | $486,100 |
Property Taxes
Parcel Number
033E-A-027.00
Land Assessment
$55,800
Improvements Assessment
$430,300
Total Assessment
$486,100
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