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
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)
Heating: Other Cooling: 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
Listing by
Lpt Realty - Griffin Home Group