Morristown, TN 37813,1418 Mae Collins RD
Morristown, TN 37813,1418 Mae Collins RD
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Listed by James Griffin • Griffin Home Group
$ 600,000
Est. payment | /mo

2 Beds

1 Bath

1.7 Acres Lot


Save
$ 600,000
Est. payment | /mo
Save

2 Beds

1 Bath

1.7 Acres Lot

Key Details

Property Type Mobile Home

Sub Type Mobile Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 705304

Bedrooms 2

Full Baths 1

Originating Board Lakeway Area Association of REALTORS�

Year Built 2020

Annual Tax Amount $45

Lot Size 1.700 Acres

Acres 1.7

Lot Dimensions 1.7

Property 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 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

Location

State TN

County Hamblen

Direction Head south on US-25 E S toward Wilson Hale Rd Turn right onto Wilson Hale Rd Turn right onto TN-343 N Turn left onto Pinebrook Rd Turn right onto Sulphur Springs Rd Turn right onto Mae Collins Rd Turn left Destination will be on the right

Interior

Heating Other, See Remarks

Cooling Other

Fireplace No

Exterior

Waterfront No

Garage No

Building

New Construction No

Others

Senior Community No

Tax ID 049d B 010.00

GET MORE INFORMATION

Shawn Wilmoth, CCIM

Agent | License ID: 354366

+1(865) 205-9353

308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States

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1418 Mae Collins RD