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Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 0
Type: Residential
Sub Type: Single Family Residence
MLS Number: 9971813
Lot Acreage: 1.70000
Living Area: 560
Year Built:
Elementary School: Lincoln
Middle School: Lincoln Heights
High School: Morristown West
Public Remarks: An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Listing Courtesy:LPT Realty - Griffin Home Group
AC:Window Unit(s): true
Appliances:Electric Range: true
Appliances:Refrigerator: true
Contract Info:Foreclosure: No
Exterior Finish:Vinyl Siding: true
General Property Description:Above Grade SqFt: 560.0
General Property Description:Acres: 1.7
General Property Description:Baths - Full: 1
General Property Description:Deed Book #2: 1832
General Property Description:Deed Page #2: 290
General Property Description:Elementary School3: Lincoln
General Property Description:High School3: Morristown West
General Property Description:HOA YN: No
General Property Description:Home Warranty: No
General Property Description:Lot Dimensions: See aerials
General Property Description:Middle School2: Lincoln Heights
General Property Description:Total Rooms2: 3
General Property Description:Total SqFt Finished: 560.0
General Property Description:Total SqFt Unfinished: 0.0
General Property Description:Zoning2: Rs
Heating:Other12: true
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: 45.31
Property Condition:Average: true
Remarks Misc:Directions3: Head south on US-25 E S toward Wilson Hale Rd Turn right onto Wilson Hale Rd Turn right onto TN-343 N Turn left onto Pinebrook Rd Turn right onto Sulphur Springs Rd Turn right onto Mae Collins Rd Turn left Destination will be on the right
Remarks Misc:Public Remarks2: An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Roof:Shingle: true
Sewer:Septic Tank: true
SqFt Details:Basement Total SqFt: 0
SqFt Details:Finished SqFt Level 1: 560
SqFt Details:Garage Total SqFt: 0
Structure Type:House: true
Style:Other3: true
Style:See Remarks2: true
TopographyLot Description:Other18: true
TopographyLot Description:See Remarks: true
Walls:Other24: true
Water:Public: true