SOLDJAN 19, 2024
5954 Hiawatha Rd
Morristown, TN 37814
Studio
2,318 sqft (on 0.94 acres)
- Studio
- 2,318 sqft (on 0.94 acres)
$295,000
Last Sold: Jan 19, 2024
2% below list $300K
$127/sqft
Est. Refi. Payment $1,735/mo*
$295,000
Last Sold: Jan 19, 2024
2% below list $300K
$127/sqft
Est. Refi. Payment $1,735/mo*
Studio
2,318 sqft
(on 0.94 acres)
Homes for Sale Near 5954 Hiawatha Rd
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3.05 ACRESCentury 21 Masengill-McCrary Realtors
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from January 20, 2024
Discover a golden investment opportunity at 5954 Hiawatha Road in Morristown, TN—a triplex that's primed for profit. Situated on a generous 0.94-acre lot, this property offers more than just space; it offers financial freedom. Two units are already rented, generating a combined monthly income of $1,545. With a long-time renter in one unit at $650 per month and the second unit fetching $895, you're stepping into a stable income stream from day one.
The property currently features three units, with the potential to finish a fourth. Imagine the revenue possibilities when you unlock this additional income source. The downstairs unit has been completely remodeled, saving you time and renovation costs. Plus, each unit comes equipped with a stove and refrigerator, making it move-in ready for tenants.
Each unit has washer/dryer hookups, adding convenience for tenants and desirability to your property. What's more, tenants pay all utilities, minimizing your overhead expenses. Located near Panther Creek State Park, this multi-family property offers a serene setting that tenants will find attractive. The natural surroundings can be a unique selling point, adding value to your investment. At $299,900, this property is a smart investment for anyone looking to diversify their portfolio with real estate.
The property currently features three units, with the potential to finish a fourth. Imagine the revenue possibilities when you unlock this additional income source. The downstairs unit has been completely remodeled, saving you time and renovation costs. Plus, each unit comes equipped with a stove and refrigerator, making it move-in ready for tenants.
Each unit has washer/dryer hookups, adding convenience for tenants and desirability to your property. What's more, tenants pay all utilities, minimizing your overhead expenses. Located near Panther Creek State Park, this multi-family property offers a serene setting that tenants will find attractive. The natural surroundings can be a unique selling point, adding value to your investment. At $299,900, this property is a smart investment for anyone looking to diversify their portfolio with real estate.
Home Highlights
Parking
Open Parking
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
$127/sqft
Listed
180+ days ago
Home Details for 5954 Hiawatha Rd
Interior Features |
|---|
Interior Details Basement: Exterior Entry,Finished,Heated |
Appliances & Utilities Utilities: Cable AvailableAppliances: Built-In Electric Oven, RefrigeratorLaundry: Electric Dryer Hookup,Washer HookupRefrigerator |
Heating & Cooling Heating: Electric,Central,BaseboardHas CoolingAir Conditioning: Central Air,Window Unit(s)Has HeatingHeating Fuel: Electric |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Laminate |
Levels, Entrance, & Accessibility Floors: Laminate |
View No View |
Exterior Features |
|---|
Exterior Home Features Roof: ShinglePatio / Porch: Covered, Front PorchNo Private Pool |
Parking & Garage No CarportNo Attached GarageHas Open ParkingParking: Circular Driveway,Gravel |
Water & Sewer Sewer: Septic Tank |
Property Information |
|---|
Year Built Year Built: 1979 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Other, Multi FamilyArchitecture: Traditional |
Building Construction Materials: BrickNot a New ConstructionDoes Not Include Home Warranty |
Property Information Condition: Updated/RemodeledParcel Number: 039 035.08 |
Price & Status |
|---|
Price List Price: $299,900Price Per Sqft: $127/sqft |
Status Change & Dates Off Market Date: Fri Jan 19 2024 |
Active Status |
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MLS Status: Closed |
Media |
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Location |
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Direction & Address City: MorristownCommunity: Not Listed |
School Information Elementary School: Out Of AreaJr High / Middle School: Out Of AreaHigh School: Out Of Area |
Building |
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Building Area Building Area: 2318 Square Feet |
Lot Information |
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Lot Area: 0.94 acres |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
|---|
Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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BasementMls Number: 9957673 |
Last check for updates: about 9 hours ago
Listed by Amy Shrader, (423) 748-8811
REMAX Real Estate Ten of Morristown
Bought with: Non Member, Non Member
Source: TVRMLS, MLS#9957673
Price History for 5954 Hiawatha Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 01/19/2024 | $295,000 | Sold | TVRMLS #9957673 |
| 01/09/2024 | $299,900 | Pending | Lakeway Area AOR #701467 |
| 12/16/2023 | $299,900 | Contingent | TVRMLS #9957673 |
| 12/16/2023 | $299,900 | Pending | East Tennessee Realtors #1241640 |
| 10/03/2023 | $299,900 | Listed For Sale | Lakeway Area AOR #701467 |
| 02/17/2022 | $260,000 | Sold | Lakeway Area AOR #605199 |
| 02/17/2022 | $289,900 | Pending | Lakeway Area AOR #605199 |
| 01/05/2022 | $289,900 | Contingent | Lakeway Area AOR #605199 |
| 01/03/2022 | $289,900 | Listed For Sale | Lakeway Area AOR #605199 |
| 03/15/2019 | $140,000 | Sold | N/A |
| 01/17/2019 | $159,000 | Pending | Agent Provided |
| 01/07/2019 | $159,000 | Listed For Sale | Agent Provided |
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | |
| Assessment | $144,800 |
Home facts updated by county records
Comparable Sales for 5954 Hiawatha Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.37 | Multi-Family Home | $207,500 | 07/26/23 | - | - | ||
1.33 | Multi-Family Home | $180,000 | 01/25/24 | 4 | - | 1,539 | |
1.72 | Multi-Family Home | $600,000 | 04/05/24 | - | 6,864 | ||
1.99 | Multi-Family Home | $330,000 | 09/07/23 | 6 | 4 | 1,336 | |
1.60 | Multi-Family Home | $320,000 | 05/31/23 | - | - |
Assigned Schools
These are the assigned schools for 5954 Hiawatha Rd.
- Alpha Elementary School
- K-5
- Public
- 581 Students
6/10GreatSchools RatingParent Rating AverageDid not care for this school at all! Had more terrible experiences then good. Very disappointing!! Principle, office staff and most teachers were a major let down. Made a switch to another school and couldn't be happier!!Other Review7y ago - West View Middle School
- 6-8
- Public
- 591 Students
6/10GreatSchools RatingParent Rating AverageThis school sucks. I am currently an 8th grade student and this school has changed my view on school itself. K-5 I was an all A's student. As soon as I stepped foot in this school I knew it was going to be awful. I have been called many slurs including the N-Word, F word (slur for gays), and Q word. I would not recommend sending your children here. If you do, be prepared for them to make many complaints very soon.Student Review1y ago - Morristown West High School
- 9-12
- Public
- 1467 Students
5/10GreatSchools RatingParent Rating AverageSchool administrators will demand to see you childrens text they wrote while not in school. While on summer vacation. Administration thinks they have a more far reaching then the police department. if your child doesn't fit into there pigeon hole they will get rid of them, just like my child. BewareParent Review9y ago 
Check out schools near 5954 Hiawatha Rd.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
What Locals Say about Morristown
- Trulia User
- Resident
- 1y ago
"Quick access to 160 and interstate 81. Jefferson City is about 20 minutes away. Downtown Morristown about 8 min away"
- Trulia User
- Resident
- 2y ago
"we have awesome Halloween here. easy access to pools and the lake not to mention the state park........"
- Johnspamela1960
- Resident
- 3y ago
"I don’t think anything needs to change in regards to dog owners. People walk their dogs. But, most people have large yards for their dogs as well. There is a local park with a dog park too. "
- Iwillbe4him
- Resident
- 3y ago
"My neighborhood is within the city limits and close to EVERYTHING. It is a great neighborhood, friendly people, and convenient but privacy as well. "
- Beth E.
- Resident
- 3y ago
"Great community. Easy access to shopping and being able to get to larger cities for entertainment and more dining choices. "
- Ourgreen4life@aol.com
- Resident
- 3y ago
"We live in a downtown historic area with lovely older homes and have easy access to parks groceries theater events car shows fun events. We love our neighborhood and this is home! "
- Monserrate V.
- Resident
- 3y ago
"Pretty Quiet place they respect each person they are really nice people my neighborhood are really good people"
- Ourgreen4life@aol.com
- Resident
- 3y ago
"I am a frequent walker of our 3 large dogswe are very comfortable walking around here and we also have a wonderful park 3 blocks away! "
- Crazykids.lunceford
- Resident
- 3y ago
"great schools and sports opportunities. quiet and not much goes on. after 10 o'clock the whole town Is dead."
- Wesleyfate
- Resident
- 4y ago
"I have lived here since 2012. I love Morristown and would recommend this area to anyone. I feel extremely safe and the roads/streets are clean. We have county wide trash and recycling pick up weekly. Hamblen county has great public schools."
- Haddenjoe
- Prev. Resident
- 4y ago
"Dogs are easy here. There are no leash laws so they roam freely. I suppose some are indoor dogs but I grew up here where dogs were mostly outdoor"
- Acornett0518
- Resident
- 4y ago
"We have many local community agencies that offer help to those in need. There are live music events, art events, and recreation activities."
- Sue E. B.
- Resident
- 4y ago
"I lived here all my life and now it does seem to be over crowed in some areas. but still, feel safe Building new restaurants around the town and have many town events "
- Saaputtycat
- Resident
- 4y ago
"I drive practically every where. theres nothing within walking distance of where I live. not even a church to walk to"
- Kaitlin J.
- Prev. Resident
- 4y ago
"Everyone has a decent amount of yard space. Not a lot of barking dogs. Next to a very busy main Street. "
- Saaputtycat
- Resident
- 4y ago
"masonic and eastern star, and I like to live on the west end of town. nothing else to say could be cheaper nice homes "
- Carole W.
- Resident
- 4y ago
"Great family friendly neighborhood really close to shopping and all amenities. Good schools. Close to a great selection of churches. Brand new 36 million dollar community center being built. "
- Barbara A.
- Resident
- 4y ago
"drug infested. noisy. bad neighborhood all around. traffic drives to fast. run down properties. i would not recommend this area to anyone. "
- Blake B.
- Resident
- 4y ago
"There's a lot of kids in our neighborhood. Very family friendly, nice neighbors for the most part, and right near everything"
- Sue E. B.
- Resident
- 4y ago
"a growing community friendly people. lake near by. good shopping safe place to live housing not expensive. little over crowded "
- Benjamin S.
- Resident
- 5y ago
"They would love how it’s a very dog friendly community. Half of the people here already have a dog so they can’t say anything about someone else having one as well. "
- Ignacio A. B.
- Resident
- 5y ago
"I don’t know , don’t talk to my neighbors about it, and don’t have any dogs , but looks like neighbors take care of their dogs"
- Resident
- Resident
- 5y ago
"Morristown is a friendly small town. It’s nice being minutes from the mall, the downtown shopping area, and public parks. "
- Shari D. W.
- Resident
- 5y ago
"It’s a friendly community. Good schools. Lots of parks and a state park. Shopping. Good restaurants. "
- Camrynbrady
- Resident
- 5y ago
"It’s very nice to walk dogs around in! I have a shitzu and she loves walking around in this neighborhood:) it’s very mountainous but she really loves the endurance"
- Eggertju
- Resident
- 6y ago
"I've met most of my neighbors and are friendly. Next door neighbor mowes area hard for me to mow. Wish neighbor dogs would potty in their own yard, but I'm glad they are nice. Nice area to live. "
- Shepherdproductions
- 9y ago
"Morristown, and in particular Windsor Place, is a terrific place to live. The homes are terrific, the neighbors are friendly-but still respect your privacy, and the entire subdivision is well-maintained, lighted and secure. The area's economy is coming back after a couple of very tough years, and we're seeing new construction. There are terrific recreational opportunities only minutes away, and it's less than an hour to the hottest shopping and tourism areas on the edge of the Great Smoky Mountains National Park. Boating, camping, fishing, hiking, biking, birding, you name it, there are opportunities here. If you're a higher-income family, Tennessee has no state income tax and the sales taxes, while high, aren't out of sight compared with Alabama or even Kentucky. You're minutes off the interstate, but seem far away from the pressures of the big city. At the same time, you have a very good public utility with a fiber backbone and solid services for work or business. It's small-town life with a proximity to bigger-city amenities. "
- Memineme1
- 9y ago
"Close to all shopping, golf course, hospitals and 24 hour Phx"
- Kdarrellwilliams
- 9y ago
"I have lived here for 21 years and love it. It is home sweet home. So much to do with the community and churches"
- Kennetha C.
- 10y ago
"I have lived here for over 20 years and you can't find a better location here morristown than this. We are 10 minutes or less than schools, hospitals, firestation, police station, grocery stores, restaurants, gas station, tire place, walmart, clubs, and pool place. Not only are we located on the corner of middle of town, but we are behind trees and feel like we are out in the country! There is no better location!"
- retrent
- 11y ago
"I have lived on this street, and it is an excellent neighborhood, no apartments, fine neighbors, good walking area. A great location, can be on either side of town in ten minutes. Close to interstate access and highways. Home could easily have extra square footage and living quarters."
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Listing information is deemed reliable, but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 5954 Hiawatha Rd
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Off Market Homes Near 5954 Hiawatha Rd
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- SOLDAPR 19, 2024RE/MAX Real Estate Ten Midtown
- SOLDAPR 15, 2024RE/MAX Real Estate Ten Midtown
- See more homes for sale inMorristownTake a look
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5954 Hiawatha Rd, Morristown, TN 37814 is a studio, 2,318 sqft multi-family built in 1979. This property is not currently available for sale. 5954 Hiawatha Rd was last sold on Jan 19, 2024 for $295,000 (2% lower than the asking price of $299,900). The current Trulia Estimate for 5954 Hiawatha Rd is $300,900.