Multifamily (Multi Family)

473 Rockingham Rd, Johnson City, TN 37615

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FOR SALE

Price: $539,000 Price Per ft²: $inf List Date: 2025-09-17 DOM: 1
City Tax: $0 County Tax: $773

Year Built: 1993

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.53 acre(s) Lot Dimensions: 100X190 Topography: Level

Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public

Description

Don't miss this exceptional chance to acquire prime investment properties bundled together in a highly desirable Johnson City location with deeded Boone Lake access. This unique offering includes multiple income-generating properties on a combined 1.15 acres of mostly flat, developable land. 473 Rockingham Rd: Renovated 3BR/2BA doublewide mobile home (1,620 sq ft) on 0.53 acres. Features new appliances, updated floors, and remodeled bathrooms. Currently rents for $1,650/month. 457, 459, 463, 465 Rockingham Rd: A 4-space mobile home park. Units at 457 & 459 are rented singlewides generating $425/month each. Lots at 463 & 465 are vacant and ready for additional homes or development. 136 Snyder Dr: Charming 744 sq ft home on 0.16 acres with lake access, currently rented for $850/month. All properties are adjacent and overlook scenic Boone Lake. A private dock could easily be added, enhancing recreational appeal and long-term value. With strong rental income, development potential, and lake views, this versatile property is perfect for investors, developers, or anyone seeking a unique multi-use asset. Consider building townhomes, apartments, vacation rentals, or even a lakeside campground. The possibilities are endless!