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0 Baths
9,503 sqft

$1,200,000

2215 Buffalo Tr, Morristown TN, 37814

Price per sqft$126.28
Built in1935
Property size9,503 sqft
Property typeMulti-family
Courtesy of Goldman Partners Realty, LLC, Solange Velas

Overview

Active

Listed Oct 27, 2026

Updated 30h ago

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.

$7,984/mo

Est. mortgage payment based on a $1,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1360218

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.95 Acres

Courtesy of Goldman Partners Realty, LLC, Solange Velas

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Data last updated 2:37 AM UTC, 10/28/2026

 

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