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189 Old Stoney Creek Road, Elizabethton, TN 37643 - $324,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9908966
Living Area: 0 Lot Size: 1.30000
Elementary School: Hunter Middle School: Hunter
High School: Unaka

Property Description
Lovers Lane Mobile Home Park, situated on a beautiful tract of land on Watauga River, is now available for purchase. Park consists of twelve spaces. Ten of the mobile homes, four double wides and six single wides, convey with the property. The two additional spaces are rented to tenants who own their own mobile homes. Annual gross income is $60,111.10. All annual expenses, including insurance, property taxes, utilities, maintenance, etc. totaled $19,480.49 for 2019. Excellent cash flow generated from this well established mobile home park. The location is ideal, on the river, just outside of the City, eliminating the burden of City taxes. Prime 1.3 acre level lot offering a depth of 373' and 164' of frontage on the River. Property being sold due to original owner's death. Rare opportunity to purchase an up and running, well established mobile home park with an excellent income stream. All info. taken from Tax Records & owner's records. Buyer/buyer's Agent to verify all.
Listing Courtesy:
RUSS SWANAY REAL ESTATE COMPAN
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