Listing Courtesy of: Jim Griffin - LPT Realty - Griffin Home Group
423-482-0743
$590,000
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1418 Mae Collins Road Morristown, TN 37813
Other
Residence
2
Beds
1
Baths
...
Bed/Bath
560
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 Approx...imate 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
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MLS#
9971813
Property Type
Other
Bedrooms
2
Bathrooms
1 Full
Square Feet
560
sq. ft
Lot Size
1.7
Stories
1.0
Sewer
Holding Tank
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