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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Multi Family | Sub Type: | Multi Family | MLS Number: | 9974614 |
| Living Area: | 0 | Lot Acreage: | 2 | Year Built: | |
| Elementary School: | Lincoln | Middle School: | Lincoln Heights | High School: | Morristown West |
Property Description
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 Status
Active
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More Listing Info
AC:Window Unit(s) true Contract Info:Foreclosure No Easements:Other7 true Easements:See Remarks18 true Exterior Finish:Vinyl Siding true General Property Description:Acres 1.7 General Property Description:Elementary School3 Lincoln General Property Description:High School3 Morristown West General Property Description:HOA YN No General Property Description:Home Warranty2 No General Property Description:Lot Dimensions See aerials General Property Description:Middle School2 Lincoln Heights General Property Description:Total Units 7 General Property Description:Zoning2 Rs Heating:Other12 true Levels:One true Location Tax Legal Info:City Taxes 0.0 Location Tax Legal Info:County Taxes 45.31 Location Tax Legal Info:Deed Book # 1832 Location Tax Legal Info:Deed Page # 290 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 Sewer:Septic Tank true Structure Type:Multi Family true Style:Other53 true Style:See Remarks40 true TopographyLot Description:Other18 true TopographyLot Description:See Remarks true Unit 1:# Bathrooms5 1.0 Unit 1:# Bedrooms3 2 Unit 1:SqFt6 560 Unit 2:# Bathrooms4 1.0 Unit 2:# Bedrooms4 2 Unit 3:# Bathrooms3 1.0 Unit 3:# Bedrooms5 2 Unit 4:# Bathrooms2 1.0 Unit 4:# Bedrooms6 2 Walls:Other24 true Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
LPT Realty - Griffin Home Group
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