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

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Blue Ridge Properties Listing

714-720 Phillips Town Road, Bulls Gap, TN 37711 (MLS #9960028)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Multi-Family

MLS Number: 9960028

Lot Acreage: 1.05000

Living Area: 0

Year Built:

Elementary School: Bulls Gap

Middle School: Bulls Gap

High School: Cherokee

Public Remarks: 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!

Listing Courtesy:Blue Ridge Properties

More Listing Info:

AC:Window Unit(s): true

Appliances:Range: true

Appliances:Refrigerator: true

Body Type:Single Wide: true

Construction:Manufactured: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:Lawn Maint: true

Expenses Include:Taxes Real Estate: true

Exterior Finish:Metal Siding: true

General Property Description:# Buildings: 4

General Property Description:# of Units: 4.0

General Property Description:Acres: 1.05

General Property Description:Elementary School3: Bulls Gap

General Property Description:High School3: Cherokee

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 1.05Ac

General Property Description:Middle School2: Bulls Gap

General Property Description:Stories2: 1

General Property Description:Total Units: 4

General Property Description:Zoning2: n/a

Heating:Forced Air: true

Income and Expenses:Gross Annual Income: 28200

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:One: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 312.0

Location Tax Legal Info:Deed Book #: 1468

Location Tax Legal Info:Deed Page #: 847

Parking Features:Gravel: true

Property Condition:Average: true

Property Condition:Below Average: true

Remarks Misc:Directions3: Highway 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 Remarks2: 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!

Sewer:Septic Tank: true

Style:See Remarks2: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 2.0

Unit 1:# Bedrooms3: 3

Unit 1:# Units: 1

Unit 1:Monthly Rent: 550

Unit 1:SqFt6: 784

Unit 2:# Bathrooms4: 2.0

Unit 2:# Bedrooms4: 3

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 700

Unit 2:SqFt5: 952

Unit 3:# Bathrooms3: 2.0

Unit 3:# Bedrooms5: 3

Unit 3:# Units3: 1

Unit 3:Monthly Rent3: 550

Unit 3:SqFt2: 924

Unit 4:# Bathrooms2: 2.0

Unit 4:# Bedrooms6: 3

Unit 4:# Units4: 1

Unit 4:Monthly Rent4: 550

Unit 4:SqFt: 1216

Utilities:Cable Connected2: true

Water:Public: true