106 King Ave

Morristown, TN offers is a strategic East Tennessee location along Interstate 81, positioned between Knoxville and Johnson City with efficient access to regional distribution corridors. The market is supported by a diverse employment base in advanced manufacturing and healthcare, providing stable workforce demand and consistent housing needs.PWA Properties is pleased to present 106 King Avenue, a five-unit multifamily investment opportunity located in Morristown, Tennessee. The property features a diverse unit mix, including two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one 4 bed / 2 bath unit, appealing to a broad tenant base and supporting a projected annual income of $75,600. Over $150,000 in recent capital improvements have been completed including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors. This property is located centrally in Morristown with convenient access to I-81 and numerous employers and retailers.