1418 Mae Collins Rd - Residential LAND FOR SALE


Morristown, TN 37813 74,052 SF
$525,000 USD
423-482-0743
1418 Mae Collins Rd, Morristown, TN for Sale
$525,000 USD
Residential LAND - FOR SALE
1/12
74,052 SF

1418 Mae Collins Rd
Morristown, TN 37813


OVERVIEW

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 DETAILS

PRICE

$525,000 USD

PRICE/ACRE

$308,824/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Multi Family - Mobile Homes

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Manufactured Homes/Mobile Home Park

LAND ACRES

1.7 AC

LAND SF

74,052 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Rs

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jim GriffinGriffin Home GroupMore Info
423-482-0743

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Jim GriffinGriffin Home GroupMore Info
423-482-0743

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.