Property Description

Listing Status

• More Listing Info

  AC:Ceiling Fan(s)	true
  AC:Window Unit(s)	true
  Appliances:Dishwasher	true
  Appliances:Dryer	true
  Appliances:Electric Range	true
  Appliances:Microwave	true
  Appliances:Refrigerator	true
  Appliances:Washer	true
  Community Features:Fishing2	true
  Contract Info:Foreclosure	No
  Easements:See Remarks18	true
  Exterior Finish:Metal Siding	true
  Fencing:Back Yard	true
  Fencing:Pasture3	true
  Fireplace:Wood Burning Stove	true
  Flooring:Concrete4	true
  Flooring:Luxury Vinyl	true
  Foundation:Slab	true
  Garage:Garage Spaces	2
  General Property Description:# Buildings	1
  General Property Description:# of Units	3.0
  General Property Description:Acres	1.88
  General Property Description:Elementary School3	Unicoi
  General Property Description:High School3	Unicoi Co
  General Property Description:HOA YN	No
  General Property Description:Home Warranty2	No
  General Property Description:Lot Dimensions	See Acres
  General Property Description:Middle School2	Unicoi Co
  General Property Description:Stories2	2
  General Property Description:Total Units	3
  General Property Description:Zoning2	See Tax Card
  Heating:Baseboard	true
  Heating:Wood Stove	true
  Income and Expenses:Annual Operating Expenses	14100
  Income and Expenses:Gross Annual Income	49800
  Income and Expenses:Net Annual Income	35700
  Info Available:Aerial	true
  Info Available:Rental Rolls	true
  Info Available:Survey2	true
  Interior Features:Entrance Foyer	true
  Interior Features:KitchenDining Combo	true
  Interior Features:Laminate Counters	true
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Levels:Two	true
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	3956.47
  Location Tax Legal Info:Deed Book #	459
  Location Tax Legal Info:Deed Page #	401
  Other Rooms:Apartment	true
  Other Rooms:Garage Apartment	true
  Other Rooms:Laundry	true
  Other Rooms:Loft	true
  Other Rooms:Office	true
  Other Rooms:Workshop	true
  Other Structures:Outbuilding	true
  Other Structures:Shed(s)	true
  Other Structures:Storage2	true
  Parking Features:Circular Driveway	true
  Parking Features:Driveway	true
  Parking Features:Gravel	true
  Parking Features:RV AccessParking	true
  PorchPatioDeck:Front Porch	true
  PorchPatioDeck:Rear Patio	true
  Property Condition:Above Average	true
  Remarks Misc:Directions3	On Interstate 26, Take exit 32 for State Hwy 173 toward Unicoi Rd. Turn onto State Hwy 173/Unicoi Rd. Turn right onto Unicoi Dr. Turn left onto TN-107 (Highway 107). Destination will be on the left.
  Remarks Misc:Public Remarks2	Buyer can move into one of the units with a 30-day notice!! Live in one unit and have two occupied rentals making income. Watch the video tour at https://vimeo.com/963738689 and see for yourself the potential of this property. $49,800 Gross Income/Yr. $35,700 Net Operating Income. 3-Unit 5,100 sq ft MF with Creekside RV Park Approved Plans for Future Income Stream. Situated on 1.9 acres of opportunity! With many possibilities, this property has been recently renovated with 3 constructed townhomes. (completed Jan 2024). The garage loft (Unit 1) rents for $1500/mo. 2400 sq ft multi-use space including 1 BR/1 BA, kitchen, dining, laundry set up (w/ washer/dryer), & HUGE upstairs loft room overlooking the open garage space housing 10' drive-thru garage doors, perfect for pulling in large vehicles. Has its own entrance. Two of the condos are 1,300 sq ft ea (2 BR/2 FULL BA). Lower level has 1 BR/1 BA, kitchen, LR. Upstairs has 1 BR/1 BA, LR, & office/loft, complete with high ceilings! Entry to these 2 condos is through main foyer adding extra security & direct access to a shared laundry room. Owner put $30k into the start of an RV Park, including clearing of trees & grade work for 7 spots (4 spots approved for septic, water, & electric & 3 more spots for water & electric only). 2nd septic tank already installed under ground in TDEC approved septic field for RV's (buyer will be responsible for completion of running water/electric to the spots and connecting to septic field). Separate water/electric meter installed for lots as well (building has its own meters for townhomes). On back of building, two 50 amp plugs can power 2 RVs currently. NETN average monthly RV rates are $250-$500 per month (all inclusive=water/sewer/cable) on gravel. NETN average nightly RV rates are $70-$90 per night (all inclusive) on gravel. Concrete pads get more. Electric/water without sewer get less. Conservative estimate is additional $15K/yr GI & $12K/yr NOI for monthly RV rentals when done.
  Roof:Metal3	true
  Sewer:Septic Tank	true
  Structure Type:House	true
  Style:Barndominium2	true
  TopographyLot Description:Cleared	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	1
  Unit 1:# Rooms4	5
  Unit 1:# Units	1
  Unit 1:Monthly Rent	1500
  Unit 1:SqFt6	2400
  Unit 2:# Bathrooms4	2.0
  Unit 2:# Bedrooms4	2
  Unit 2:# Rooms3	8
  Unit 2:# Units2	1
  Unit 2:Monthly Rent2	1350
  Unit 2:SqFt5	1300
  Unit 3:# Bathrooms3	2.0
  Unit 3:# Bedrooms5	2
  Unit 3:# Rooms2	8
  Unit 3:# Units3	1
  Unit 3:Monthly Rent3	1300
  Unit 3:SqFt2	1300
  Utilities:Electricity Connected	true
  Utilities:Sewer Connected	true
  Utilities:Water Connected	true
  View:CreekStream	true
  View:Mountain(s)	true
  View:Water2	true
  Walls:Custom	true
  Water:Public	true
  Waterfront Features:River Front	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: