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 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units
Rental Income:
Current rent per home: $725/month Total current rent for 7 homes: $5,075/month
Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available
Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots
This 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
For sale
$525,000
1418 Mae Collins Rd, Morristown, TN 37813
8beds
--sqft
Est.:
Multi Family
Built in 2020
-- sqft lot
$488,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 229 days
- on Zillow |
- 235 |
- 12 |
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