412 N Bellwood Road Morristown, TN ^$ 14,600,000

412 N Bellwood Road

^$ 14,600,000

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412 N Bellwood Road

Morristown, TN, 37814

^$ 14,600,000

Studio Baths0.0 Sq 89,984

Monthly Estimate*

^$ 97,036

412 N Bellwood Road, Morristown, TN 37814 - Image 1

412 N Bellwood Road, Morristown, TN 37814 - Image 2

412 N Bellwood Road, Morristown, TN 37814 - Image 3

412 N Bellwood Road, Morristown, TN 37814 - Image 4

412 N Bellwood Road, Morristown, TN 37814 - Image 5

412 N Bellwood Road, Morristown, TN 37814 - Image 6

412 N Bellwood Road, Morristown, TN 37814 - Image 7

412 N Bellwood Road, Morristown, TN 37814 - Image 8

412 N Bellwood Road, Morristown, TN 37814 - Image 9

412 N Bellwood Road, Morristown, TN 37814 - Image 10

412 N Bellwood Road, Morristown, TN 37814 - Image 11

412 N Bellwood Road, Morristown, TN 37814 - Image 12

412 N Bellwood Road, Morristown, TN 37814 - Image 13

Studio

Commercial Property for sale in Morristown, TN

for $14,600,000. This 89,984 square foot building was built in 2019 on a lot size of 8.48.

67-unit multifamily development consisting of 25 single-family houses, one single-level duplex, and 20 two-level duplexes. Well maintained and visually appealing. Stable income stream with consistently high occupancy. Some below market rents present excellent value-added opportunity. Utility water and sewer included in tenant's monthly payments. Another nearby complex is also available for acquisition. Many units are pet-friendly. Unencumbered with management agreement. Owner-managed.

Commercial Pending

Price

^$ 14,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,485

Style

Multi Family

Lot Size

8.48

Year Built

2019

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

301146

Features

General

Sewer Public Sewer

Utilities Electricity Available Water Available

Possession Negotiable

Exterior Features Lighting

Zoning R-2

Year Built 2019

Levels One Two

Property SubType Multi Family

Tax Year 2023

Business Type Other

Business Name Villas West

County Hamblen

Property Type Commercial Sale

HOA / Comm Assn N

Subdivision Name Other

Possible Use Multi-Family

Status Pending

Directions Located within the city limits and about 3 miles west of downtown Morristown TN. The surrounding area consists of commercial residential and multifamily development.

High School Other

City Morristown

MLS Area Hamblen County

Lot Size Units Acres

Lot Size Square Feet 369388.8

Waterfront Y/N N

Carport Y/N N

Elementary School Other

Land Lease Y/N N

Tax Annual Amount 6485.9

MLS Area Minor Hamblen County

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Pending

Occupancy Type Tenant

Tax Lot 0

Senior Community None

New Construction None

Exterior

Parking Features On Site Paved

Water Source Public

Total Parking 0.0

Lot Size Area 8.48

Spa N

Building Area Total 89984.0

Lot Size Acres 8.48

Road Surface Type Paved

Lot Size Source Public Records

Road Frontage Type City Street

Interior

Total Stories 2

Basement (Y/N) N

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 412

* Excluded Features

List By

Nai Koella | Rm Moore

Broker

dgothard@koellamoore.com

Affordability Calculator

$97,577

Per Month

Monthly Principal & Interest: $97,036
Monthly Property Taxes: $540
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Morristown, TN

Average List Price ^$1,604,368

Percent of Sale Price 89%

About Morristown, TN

31,395 Population

11% Since 2002

^$32,989 Median Income

38 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2009826 Elementary School

2009827 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$14,600,000		Listed Price

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412 N Bellwood Road, Morristown, TN, 37814 is a Commercial Property for sale at $14,600,000 with 89,984 sqft and a lot size of 8.48. 412 N Bellwood Road is a studio with 0.0 baths and was built in 2019. The property's zip code is 37814 which is in Morristown, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Broker Reciprocity Program of the Great Smoky Mountains Association of REALTORS Multiple Listing Service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/17/2024.

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412 N Bellwood Road

Commercial Property for sale in Morristown, TN

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