Sales Price: $550,000
Other, See Remarks
- Year Built: 0
- County Tax: $45
- Lot Size: 1.70 acre(s)
- Total Area: 560 ft²
- Heating: Other
- Cooling: Window Unit(s)
- Water / Sewage: Public
- Topography: Other, See Remarks
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
Lot Dimensions: See aerials
Community: Hamblen County, , Subdivision, Zoned RS
Schools: Lincoln Elementary, Lincoln Heights Middle, Morristown West High
Interior Features:
Exterior Features:
Exterior Finish: Vinyl Siding