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714-720 Phillips Town Road, Bulls Gap, TN 37711 - $199,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9960028
Living Area: 0 Lot Acreage: 1 Year Built:
Elementary School: Bulls Gap Middle School: Bulls Gap High School: Cherokee
Property Description
Great investment opportunity located just 10 minutes from Rogersville's Main Street and 5 minutes from Cherokee Lake. Convenient to industry, major retail, restaurants, and schools. This 1-acre park has a stable rental history with 4 park-owned homes. All are 3-bedroom, 2-bath. Current gross income is $2350 per month--$28,200 annually-- with low taxes, reliable collections, and good cash flow. City water and power are individually metered and billed directly to tenants. Excellent property for a first-time investor or someone looking to add to their existing portfolio. Showings scheduled for preapproved buyers only with minimum 24-hour notice. DO NOT DISTURB TENANTS. Call for your appointment today!
  • More Listing Info
    AC:Window Unit(s)true
    Appliances:Rangetrue
    Appliances:Refrigeratortrue
    Body Type:Single Widetrue
    Construction:Manufacturedtrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Expenses Include:Lawn Mainttrue
    Expenses Include:Taxes Real Estatetrue
    Exterior Finish:Metal Sidingtrue
    General Property Description:# Buildings4
    General Property Description:# of Units4.0
    General Property Description:Acres1.05
    General Property Description:Elementary School3Bulls Gap
    General Property Description:High School3Cherokee
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions1.05Ac
    General Property Description:Middle School2Bulls Gap
    General Property Description:Stories21
    General Property Description:Total Units4
    General Property Description:Zoning2n/a
    Heating:Forced Airtrue
    Income and Expenses:Gross Annual Income28200
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Onetrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes312.0
    Location Tax Legal Info:Deed Book #1468
    Location Tax Legal Info:Deed Page #847
    Parking Features:Graveltrue
    Property Condition:Averagetrue
    Property Condition:Below Averagetrue
    Remarks Misc:Directions3Highway 11W to Melinda Ferry Road. 5 miles to right on Hwy 113. Next left on St. Clair Bulls Gap Rd. Bear left to Phillips Town. Property on left, at corner of Phillips Town and Long Town Rd.
    Remarks Misc:Public Remarks2Great investment opportunity located just 10 minutes from Rogersville's Main Street and 5 minutes from Cherokee Lake. Convenient to industry, major retail, restaurants, and schools. This 1-acre park has a stable rental history with 4 park-owned homes. All are 3-bedroom, 2-bath. Current gross income is $2350 per month--$28,200 annually-- with low taxes, reliable collections, and good cash flow. City water and power are individually metered and billed directly to tenants. Excellent property for a first-time investor or someone looking to add to their existing portfolio. Showings scheduled for preapproved buyers only with minimum 24-hour notice. DO NOT DISTURB TENANTS. Call for your appointment today!
    Sewer:Septic Tanktrue
    Style:See Remarks2true
    TopographyLot Description:Level2true
    Unit 1:# Bathrooms52.0
    Unit 1:# Bedrooms33
    Unit 1:# Units1
    Unit 1:Monthly Rent550
    Unit 1:SqFt6784
    Unit 2:# Bathrooms42.0
    Unit 2:# Bedrooms43
    Unit 2:# Units21
    Unit 2:Monthly Rent2700
    Unit 2:SqFt5952
    Unit 3:# Bathrooms32.0
    Unit 3:# Bedrooms53
    Unit 3:# Units31
    Unit 3:Monthly Rent3550
    Unit 3:SqFt2924
    Unit 4:# Bathrooms22.0
    Unit 4:# Bedrooms63
    Unit 4:# Units41
    Unit 4:Monthly Rent4550
    Unit 4:SqFt1216
    Utilities:Cable Connected2true
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Blue Ridge Properties
Listing Agent:
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