Multifamily (Multi-Family)

714-720 Phillips Town Rd, Bulls Gap, TN 37711

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FOR SALE

Price: $199,000 Price Per ft²: $51.34 List Date: 2023-12-06 DOM: 150
City Tax: $0 County Tax: $312Expenses Include: Lawn Maint, Taxes Real EstateUtilities Expenses: $

Year Built: 0 pre-1978 Homes

Total Area: 3,876 ft² (Finished & Unfinished)

Lot Size: 1.05 acre(s) Lot Dimensions: 1.05Ac Topography: Level

Heating: Forced Air Cooling: Window Unit(s) Water & Sewage: Public

Appliances: Range, Refrigerator

Description

Great investment opportunity located just 10 minutes from Rogersville's Main Street and 5 minutes from Cherokee Lake. Convenient to industry, major retail, restaurants, and schools. This 1-acre park has a stable rental history with 4 park-owned homes. All are 3-bedroom, 2-bath. Current gross income is $2350 per month—$28,200 annually— with low taxes, reliable collections, and good cash flow. City water and power are individually metered and billed directly to tenants. Excellent property for a first-time investor or someone looking to add to their existing portfolio. Showings scheduled for preapproved buyers only with minimum 24-hour notice. DO NOT DISTURB TENANTS. Call for your appointment today!