2020 Mobile Home - Morristown, TN for Sale 1418 Mae Collins Road, Morristown, TN 37813
For Sale $590,000
- 2 Bedrooms
- 1 Bathrooms
- 0 sqft
2020 Mobile Home - Morristown, TN for Sale 1418 Mae Collins Road, Morristown, TN 37813
For Sale $590,000
- 2 Bedrooms
- 1 Bathrooms
- 0 sqft
- Price: $590,000
- Rooms: 2 bed(s), 1 bath(s)
- Home Area: 0 sqft
- Model: 2020
- Property ID: 6739972
- Listing Agent: James Griffin
- Listing Company: Griffin Home Group
- Phone: 423-482-0743
- MLS Number: 705304
- Posted On: Oct 2, 2024
- Updated On: Nov 22, 2024
Mobile Home Description
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
Listing Status: Active
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Original Listing