CASH FLOW SPECIAL !!! This property has two separate 3BR/2BA mobile homes and a 2BR/1BA single wide and an extra mobile home/camper slot with water electric and septic. All three mobile homes and the extra mobile home slot each have a separate paved driveway. One of the 3BR/2BA mobile homes have just been painstakingly and completely remodeled. It is currently unrented due to listing this property. The other two are currently rented but the rent hasn't been adjusted for years. Consequently the current rental rate is ridiculously low. This property should be bringing in approximately $2,950/mo but that would require raising the current renter's rate. All facts here in deemed reliable but must be verified by the buyer.
An investment opportunity awaits with this unique property featuring a main home featuring over 3600 square feet that has been torn out to the studs to re-work into what could be three separate apartments. Each with the possibility of having an open concept floor plan and having two bedrooms and two bathrooms. Each apartment could have around 1200 square feet per unit . Additionally there is a one bedroom apartment that is currently rented for $750.00 per month on a lease. Additionally there is a two car attached garage and 1 bay garage perfect for storage. This property features 216 feet of road frontage that could allow for additional driveway for parking. This home features brick construction and metal roof approximately 8 years old. This is a great investment that has a month cash flow potential easily around $4,000 per month. All information and square footage subject to buyer verification.
Elizabethton is located in Tennessee. Elizabethton, Tennessee has a population of 13,796. Elizabethton is less family-centric than the surrounding county with 21.55% of the households containing married families with children. The county average for households married with children is 24.05%.
The median household income in Elizabethton, Tennessee is $33,584. The median household income for the surrounding county is $34,625 compared to the national median of $57,652. The median age of people living in Elizabethton is 44.3 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 24.8 degrees. The average rainfall is approximately 48.8 inches per year, with 11.2 inches of snow per year.