skip
423-968-7653
Residential (Single Family)

1418 Mae Collins Rd, Morristown, TN 37813

2 Bedrooms, 1 Full Bath – Other, See Remarks
FOR SALE
Price: $600,000  List Date: 2024-10-01  DOM:  39
City Tax: $0 County Tax: $45
Year Built: 0 pre-1978 Homes

Finished Area: 560 ft²

Unfinished: 0 ft² (not in garage)  

Total Area: 560 ft² (Finished & Unfinished)

Lot Size: 1.70 acre(s)Lot Dimensions: See aerialsTopography: Other, See Remarks
Heating: OtherCooling: Window Unit(s)Water & Sewage: Public
Appliances: Electric Range, Refrigerator

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 bathroomApproximate size: 14x40 (buyer should confirm exact dimensions)Some units have washer/dryer hookupsWindow heat/air unitsRental Income:Current rent per home: $725/monthTotal current rent for 7 homes: $5,075/monthUtility Information:Property owner covers water for all homesTenants pay for individual electric serviceEach of the 11 spaces has electric and septic hookups availableAdditional Details:1 home is undergoing a remodel, offering the potential for increased rentSignificant upside potential for development of the remaining 4 lotsThis 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

Community Information

Geographical
County: Hamblen
Subdivision: Not In Subdivision
Zoning: Rs
School System
Lincoln Elementary
Lincoln Heights Middle
Morristown West High

Interior

Exterior

Roof: Shingle Exterior Finish: Vinyl Siding 

Photos

1st photo of 1418 Mae Collins Road Photo #2: 1418 Mae Collins Road Photo #3: 1418 Mae Collins Road Photo #4: 1418 Mae Collins Road Photo #5: 1418 Mae Collins Road Photo #6: 1418 Mae Collins Road Photo #7: 1418 Mae Collins Road Photo #8: 1418 Mae Collins Road Photo #9: 1418 Mae Collins Road Photo #10: 1418 Mae Collins Road Photo #11: 1418 Mae Collins Road Photo #12: 1418 Mae Collins Road
Listing by Lpt Realty - Griffin Home Group
back to top