Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9992067

Lot Acreage: 1.66000

Living Area: 0

Year Built:1979

Elementary School: Mosheim

Middle School: None

High School: West Greene

Public Remarks: Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.

Listing Courtesy:Preferred Properties of East Tennessee

More Listing Info:

AC:Ceiling Fan(s): true

AC:Heat Pump3: true

Appliances:Dishwasher: true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Body Type:Single Wide: true

Contract Info:Foreclosure: No

Easements:None12: true

Exterior Finish:Vinyl Siding: true

Flooring:Laminate: true

Flooring:Luxury Vinyl: true

Flooring:Tile2: true

Foundation:PillarPostPier: true

Foundation:Slab: true

Garage:Carport Spaces: 1

General Property Description:# Buildings: 2

General Property Description:# Fireplaces: 0.0

General Property Description:# of Units: 7.0

General Property Description:Acres: 1.66

General Property Description:Elementary School3: Mosheim

General Property Description:High School3: West Greene

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: 1.66 Acres

General Property Description:Middle School2: None

General Property Description:Senior Community YN3: No

General Property Description:Stories2: 1

General Property Description:Total Units: 2

General Property Description:Zoning2: A-1

Heating:Electric: true

Heating:Heat Pump2: true

Income and Expenses:Gross Annual Income: 66000

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: 2833.38

Location Tax Legal Info:Deed Book #: 534A

Location Tax Legal Info:Deed Page #: 1397

Other Structures:Storage2: true

Parking Features:Concrete2: true

Parking Features:Driveway: true

Property Condition:Average: true

Remarks Misc:Directions3: Turn onto TN-70 N/Lonesome Pine Trail from 11E ByPass. Go approximately 2.5 miles and turn left onto Lovers Lane. Propery will be on the left.

Remarks Misc:Public Remarks7: Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.

Roof:Metal3: true

Security Features:Smoke Detector(s)3: true

Sewer:Septic Tank: true

Structure Type:Manufactured House: true

Structure Type:Multi Family: true

Style:Other53: true

TopographyLot Description:Cleared: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 6.0

Unit 1:# Bedrooms3: 7

Unit 1:# Units: 6

Unit 1:SqFt6: 4122

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 2

Unit 2:# Units2: 1

Unit 2:SqFt5: 644

Utilities:Cable Connected2: true

Utilities:Electricity Connected: true

Utilities:Water Connected: true

Walls:Drywall: true

Water:Public: true

Window Features:Insulated Windows: true