2014 Faulkner Road

Closed 9/30/24
Closed 9/30/24
AngledView
Bedroom (1)
MasterBedroom
DiningArea
Kitchen (1)
FullBath
Bedroom
Office
LivingRoom
Kitchen
Bathroom
RightUnit
FrontRight
FrontCenter
FrontLeft
Last Sold Price
$318,000
2,592 sqft$123/sqft
2014 Faulkner Rd, Morristown, TN 37814

Description

Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units. Make us an offer! Feel free to drive by the triplex on Faulkner Rd. in Morristown. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement.
2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the...Imagine buying a small apartment complex In the heart of Morristown, Tennessee where it will immediately bring in money from all THREE units. Make us an offer! Feel free to drive by the triplex on Faulkner Rd. in Morristown. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement.

2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. ALL utilities are in the tenants' name(s). Send us your offers ASAP! Type 2014 Faulkner Rd. Morristown, TN 37814 into your GPS to find the property. The units are 2014, 2016, and 2018. You will see 2018 first from the road.

3 units: 3 occupied
Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC

Pro Forma Cap Rate: 5%
Pro Forma NOI: $29,160

Current Cap Rate: 3.96%
Current NOI: $17,820

2,592 sq ft of the BUILDING taken from the tax records. 16,117 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC
LISTING CLOSED: 09/30/2024 12:00 AM

  1. Listed by Whitney East • 865 Investors, LLC

Property Details for 2014 Faulkner Road

Status
Closed
MLS #
1264979
Days on Market
70
Taxes
$1,207 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family
Year Built
1966
Lot Size
0.37 AC / 16,117 SF
County
Hamblen County

Amenities

  • Air Conditioning
  • Parking Included
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of 865 Investors, LLC, Whitney East

Sold By Non-Member Office, Non Member Non Member

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Building Information for 2014 Faulkner Road

Stories-Residences3Year Built1966Building Size-Lot Size0.37 AC / 16,117 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$1,717 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,616

Property Taxes

$101

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2014 Faulkner Road

Summary
Location and General Information
  • City: Morristown
  • County Or Parish: Hamblen County - 38
  • Directions: Turn left onto US-11E N Pass by Sonic Drive-In (on the right in 14.3 mi) 21.1 mi Turn right onto TN-160 S/TN-342 E Continue to follow TN-160 S 8.1 mi Turn left onto the US-25E N ramp 0.2 mi Merge onto US-25 E N 2.6 mi Take the US-11E N/E Andrew Johnson Hwy ramp to Greeneville/Morristown 0.2 mi Take the ramp to Morristown 144 ft Turn right onto TN-66 S/US-11E S/E Andrew Johnson Hwy Continue to follow TN-66 S/E Andrew Johnson Hwy 0.6 mi Turn right onto Ridgelawn Ave 0.1 mi Turn left onto Faulkner Rd Destination will be on the left 102 ft
  • Latitude: 36.228223
  • Longitude: -83.268206
  • MLS Area Major: Hamblen County - 38
  • MLS Area Minor: Hamblen County - 38
  • Postal Code: 37814
  • State Or Province: TN
  • Location Tax Legal Info Area: Hamblen County - 38
  • Remarks Misc Directions: Turn left onto US-11E N Pass by Sonic Drive-In (on the right in 14.3 mi) 21.1 mi Turn right onto TN-160 S/TN-342 E Continue to follow TN-160 S 8.1 mi Turn left onto the US-25E N ramp 0.2 mi Merge onto US-25 E N 2.6 mi Take the US-11E N/E Andrew Johnson Hwy ramp to Greeneville/Morristown 0.2 mi Take the ramp to Morristown 144 ft Turn right onto TN-66 S/US-11E S/E Andrew Johnson Hwy Continue to follow TN-66 S/E Andrew Johnson Hwy 0.6 mi Turn right onto Ridgelawn Ave 0.1 mi Turn left onto Faulkner Rd Destination will be on the left 102 ft
Parking
  • Attached Garage: No
  • Parking Features: Off-Street Parking, None
  • General Property Description Driveway: Concrete
  • Garage Parking Off-Street Parking: True
  • Garage Parking None: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 034C A 011.00
  • Location Tax Legal Info Total Tax: 1207.12
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 16117.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 16117.0
  • Year Built: 1966
  • Building Area Total: 2592.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.37
  • Lot Size Dimensions: 100x157M
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 100x157M
  • General Property Description Lot Size SqFt: 16117.0
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 300.0
  • Fuel Gas (Natural): True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Brick
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Flooring: Hardwood, Carpet, Tile
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Hardwood: True
  • Floors Tile: True
  • Heat Central: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Roof Shingle: True
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Type of Units 3 or more Bdrm Units: True
Unit 1
  • Unit 1 Unit Number: 1
  • Unit 1 Beds Total: 3
Unit 2
  • Unit 2 Unit Number: 2
  • Unit 2 Beds Total: 3
Unit 3
  • Unit 3 Unit Number: 3
  • Unit 3 Beds Total: 3
Rental
Rent Information
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Natural Gas

Property History for 2014 Faulkner Road

DateEvent & SourcePriceAppreciation
Sep 30, 2024

Closed

KAARMLS #1264979

$318,000—
Sep 27, 2024

Closed (Public Record)

Public Record #1541893375

$318,000

+13.4% / yr

Aug 14, 2024

Contract - Not Showing

KAARMLS #1264979

—
DateEvent & SourcePrice
09/30/2024

Closed

KAARMLS #1264979

$318,000
09/27/2024

Closed (Public Record)

Public Record #1541893375

$318,000

+13.4% / yr

08/14/2024

Contract - Not Showing

KAARMLS #1264979

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2014 Faulkner Road

Taxable ValueLand$15,160Additions$101,240Total$116,400
Home Facts
Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt2,592 SqFtFinished Basement SqFt864 SqFtStories1Lot Size16,117 SqFtStyleDuplexYear Built1966Year Renovated1997CountyHAMBLENAPN034C A 01100

Schools near 2014 Faulkner Road

This home is within Hamblen County School District.
Rating
School
Type
Grades
Distance
John Hay Elementary School
Public - K to 5
Meadowview Middle School
Public - 6 to 8
Morristown East High School
Public - 9 to 12
Hamblen County Alternative School
Public - K to 12
Rating
School
Distance
John Hay Elementary School
PublicK to 5

Meadowview Middle School
Public6 to 8

Morristown East High School
Public9 to 12

Hamblen County Alternative School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 865 Investors, LLC, Whitney East

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 09/30/2024 07:57 PM