Multi Family 4 Unit

Contract for Assignment

Deal with a lot of potential upside.

Asking $177,000

Looking for an end cash buyer on this one. No seller financing.

4 unit quadplex in Morristown.

504 Union Avenue, Morristown TN

Details:

Each unit is 2/1

Per tax records property is 3,000 sq ft (please confirm)

Separate electric and water meters for each unit.

Poor management and so 2 units are behind on rent. Per seller top units were 550 each and bottom units were at 450 each but at least 2 are behind.

Please see the pictures. Solid brick building from my walk through but some work needs to be done on the inside
Best to clear it out and do updates then lease at higher rents.

Message for showing.