$600,000
 $2,864 est/mo Sourced by Back At You

1418 Mae Collins Road , Morristown, TN 37813

Morristown, TN 37813

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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

Details

MLS#9971813
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year0
Days On Site14
Listing Provided ByLPT Realty - Griffin Home Group | Jim Griffin

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet560
ZoningRs
Acreage1.70

Market Activity 37813

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Learn More About This Property

Town and Country Realty

Town and Country Realty

 (423) 245-8212Contact Me Form Link
StateTN
CountyHamblen
CityMorristown
Zip Code37813
Area209 Hamblen County
Subarea209 Hamblen County
Community NameNot In Subdivision
School DistrictMorristown West
Elementary SchoolLincoln
Middle SchoolLincoln Heights
High SchoolMorristown West
Listing VS Median (in Not In Subdivision)
Price:
$600,000
low | high
Med:
$285,000
100% of Average
SqFt:
560
low | high
Med:
1,557
100% of Average
$ / SqFt:
$1,071
low | high
Med:
$183
100% of Average
On Site:
14
low | high
Med:
562.000000
2.491103202847% of Average
Sourced by Back At You
Listing Updated: October 4, 2024 at 6:26:23 PM PDT
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