2215 Buffalo Tr, Morristown, TN 37814
Listing provided by: Solange Velas · Goldman Partners Realty, LLC
Source: East Tennessee REALTORS® MLS · MLS# 1360218
Listing last updated
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.
Facts & features
- Bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Included: Range, Refrigerator
- Flooring: Tile, Laminate
- Total interior livable area: 9,503 sqft
- Parking features: On Premise Parking
- Attached garage: No
- Size: 1.95 acres · 84,942 sqft
- Dimensions: 242x372x137
- Patio & porch: Patio
- Parcel number: 025 01900 000
- Home type: Multi-Family
- Materials: Frame, Stucco
- Year built: 1935
- County: Hamblen County - 38
- MLS area: Hamblen County - 38
- Region: Morristown
- Price: $1,200,000
- Price per square foot: $126/sqft
- Annual tax: $8,059.99
- Listing terms: Cash, New Loan, Conventional
- Date on market: Oct 27, 2026
- Days on market: 0
- Status: Active
- MLS #: 1360218
Location
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