305-365 Barkley Landing Drive, Morristown, TN 37813

$2,700,000
Property Type: Multi-Family Square Footage: 12,801 Status: Active
Current Price: $2,700,000 List Date: 6/14/2025 Last Modified: 6/27/2025

Description

Brand New Construction Multi-Family Investment Property - 12 Fully Leased Units in Morristown, TN Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential. Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal. Property Highlights: - Total of 12 units (3 buildings with 4 units each) - Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft. - One handicap-accessible unit per building (3 total) - Fully leased - stabilized with immediate rental income - Completed in 2024 - low-maintenance, turnkey investment - Located in a strong rental market with continued growth Pro forma available upon request. Whether you're a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location. Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee's most promising rental markets. Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.

More Information MLS# 1304724

Location, Tax & Legal Info

Area: Hamblen County - 38 City/County Code: City Limits Total Tax: 0

Contract Info

Auction Y/N: No Listing Price: 2700000 Current Price: $2,700,000 Status: Active Listing Date: 2025-06-13

General Property Description

Lot Dimensions: 300x150 Utilities/Mo Avg: 180 Property Status: N/A Driveway: Yes SqFt - Total (Aprox): 12801 Number of Units: 12 Year Built: 2024

Remarks & Misc

Directions: GPS-friendly and easy to access. Once on Barkley Landing Drive, continue straight up the hill. A newly built complex will be on your left. Buildings are black and white in color. Public Remarks: Brand New Construction Multi-Family Investment Property - 12 Fully Leased Units in Morristown, TN Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential. Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal. Property Highlights: - Total of 12 units (3 buildings with 4 units each) - Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft. - One handicap-accessible unit per building (3 total) - Fully leased - stabilized with immediate rental income - Completed in 2024 - low-maintenance, turnkey investment - Located in a strong rental market with continued growth Pro forma available upon request. Whether you're a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location. Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee's most promising rental markets. Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.

Income/Expenses

Gross Annual Income: 244000 Annual Oper Expenses: 39000

Property Sub-Type

Apartment: 1 Four Plex: 1

Construction

Frame: 1

Type of Units

3 or more Bdrm Units: 1 Handicap: 1 Unfurnished: 1

Siding

Vinyl: 1

Sale Includes

Building and Land: 1 No Furnishings: 1

Miscellaneous

Balcony: 1 Patio: 1 TV Cable Available: 1 Utility Room: 1 Washer/Dryer Cnctns: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1

Floors

Other: 1

Garage/Parking

On Premise Parking: 1

Tenant Expenses

Cooling: 1 Electricity: 1 Heating: 1 Sewer: 1 Tenant Pays All Util: 1 Trash Collection: 1 Water: 1

Owner Expenses

Electricity: 1 HVAC Maintenance: 1 Insurance: 1 Lawn Maintenance: 1 Leasing Fees: 1 Taxes: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Dishwasher: 1 Microwave: 1 Range: 1 Refrigerator: 1 Self Cleaning Oven: 1 Smoke Detector: 1

Other Rooms

Family Room: 1

Roof

Shingle: 1

Exterior Features

Balcony: 1 Cable Available (TV Only): 1 Deck: 1 Handicap Accessible: 1 Patio: 1

Misc Features

Internet Available: 1 Pantry: 1 Washer/Dryer Connect: 1 Wired for DSL: 1 Wired for Internet: 1

New Financing

Call Listing Agent: 1 Cash: 1 Conventional: 1 Exchange: 1

Location Tax Legal Info

House #: 305-365 Street Name: Barkley Landing St Suffix: Drive State/Province: TN Zip Code: 37813 PIN #: 042J C 010.00 Subdivision: BARKLEY LANDING APTS REV LOTS 9,10,11,12 Geo Lat: 36.195549 Geo Lon: -83.282413

Status Change Info

Status Change Date: 2025-06-13

Property Features

Property Sub-Type: Apartment; Four Plex Type of Units: 3 or more Bdrm Units; Handicap; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Other Tenant Expenses: Electricity; Sewer; Tenant Pays All Util; Trash Collection; Water Owner Expenses: Electricity; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Taxes Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector Construction: Frame Roof: Shingle Siding: Vinyl Exterior Features: Balcony; Cable Available (TV Only); Deck; Handicap Accessible; Patio Misc Features: Internet Available; Pantry; Washer/Dryer Connect; Wired for DSL; Wired for Internet Other Rooms: Family Room Miscellaneous: Balcony; Patio; TV Cable Available; Utility Room; Washer/Dryer Cnctns New Financing: Call Listing Agent; Cash; Conventional; Exchange
Listing Office: Prime Mountain Properties
Office Phone: 865-453-4049
Last Updated: June - 27 - 2025
305-365 Barkley Landing Drive, Morristown, TN 37813- MLS# 1304724
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