Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9967598

Lot Acreage: 1.88000

Living Area: 0

Year Built:2020

Elementary School: Unicoi

Middle School: Unicoi Co

High School: Unicoi Co

Public Remarks: 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.

Listing Courtesy:KW Johnson City

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