Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.
Off market
Zestimate®
$1,595,100
5507 Us Highway 411 S, Maryville, TN 37801
--beds
0baths
9,186sqft
MultiFamily
Built in 1969
-- sqft lot
$1,595,100 Zestimate®
$174/sqft
$1,560 Estimated rent