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2215 Buffalo Tr, Morristown, TN 37814

Morristown
Local realty services provided by:CENTURY 21 Legacy
2215 Buffalo Tr,Morristown, TN 37814
$1,200,000
  • - Beds
  • - Baths
  • 9,503 sq. ft.
  • Multi-family
  • Active
Listed by: solange velas, sakaylea sanders
Office: goldman partners realty, llc.
MLS#:1360218
Source:TN_KAAR

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$126.28

About this home

VALUE ADD OPPORTUNITY - 17 UNITS - 8.3 CAP RATE - $1.2 MILLION - MORRISTOWN TN Buffalo Trail Apts are well located on a 2 acre corner lot offering plenty of on-site parking and great road signage with a traffic count of nearly 10,000 cars per day. Additionally, all units are separately metered for water and electric with tenants paying all charges. Buffalo Trail is conveniently located just steps from Walmart, local shops, popular restaurants, Cherokee Lake, US-11E, and I-81. Current ownership has invested over $60,000 in capital improvements over the past 36 months, with additional upside available through interior upgrades, enhanced amenities, and increased rents. With a manageable 17-unit size, established local demand, and opportunities to improve rents, Buffalo Trail Apartments presents an attractive value-add investment in East Tennessee. All showings by appointment only.

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Home facts

  • Year built:1935
  • Listing ID #:1360218
  • Added:1 day(s) ago
  • Updated:October 29, 2026 at 06:17 PM

Rooms and interior

  • Flooring:Laminate, Tile
  • Living area:9,503 sq. ft.

Heating and cooling

  • Cooling:Central Cooling
  • Heating:Central, Electric

Structure and exterior

  • Year built:1935
  • Building area:9,503 sq. ft.
  • Lot area:1.95 Acres
  • Construction Materials:Frame, Stucco

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$126.28

Parking

  • Parking description:On Premise Parking

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