Prime location just off Exit 16 with direct visibility and easy access to I-24, just minutes from town and nearby amenities. This income-producing property offers multiple revenue streams and includes a mobile home park with nine tenant-owned mobile homes, a former strip motel converted into two apartments (one currently used for storage), a residence currently operating as a residential/service business, and a former garage providing additional storage or flexible-use space and additional acreage with future mixed-use potential. The property offers more than 4,000 square feet under roof and is 100% occupied by long-term tenants. Rental rates have seen minimal adjustments over the years, creating potential upside for future income growth. Also included is approximately one acre of undeveloped land overlooking I-24 that may offer future mixed-use development potential, subject to applicable zoning regulations and governmental approvals. A rare opportunity to acquire a well-located, diversified income-producing property with strong occupancy and future potential. Schedule your private showing today.
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Zillow last checked:
Listing updated:
Listed by:
LaDonna Umstead270-331-2820,
Elite Realty
Source: Imagine MLS,MLS#: 26017974
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4
Heating
Forced Air, Natural Gas
Cooling
Central Air
Interior area
Total structure area: 4,099
Total interior livable area: 4,099 sqft
Property
Lot
Size: 3.73 Acres
Details
Parcel number: 1341005014.ML1
Zoning: UR
Zoning description: Urbanizing Residential
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes
Materials
Roof: Metal,Dimensional Style
Utilities & green energy
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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