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110 Ferry Road, Surgoinsville, TN 37873 - $425,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9979351
Living Area: 0 Lot Acreage: 5 Year Built: 1957
Elementary School: Surgoinsville Middle School: Surgoinsville High School: Volunteer
Property Description
Investor's Dream in Surgoinsville, TN - Turnkey Income Property with Expansion Potential! Don't miss this rare opportunity to own a high-performing commercial property in the scenic hills of Surgoinsville, Tennessee. Situated on 5 acres, this multi-income property includes: • 3 Bed / 2 Bath Home - Ideal for owner occupancy or additional rental income • 55' Garage + RV Carport - Perfect for large equipment or storage rental • 3 Single Wide Mobile Homes & 1 Double Wide - All included • 3 Mobile Homes Under Rent-to-Own Contracts - Providing reliable long-term income • 3 RV Lots Rented - All leases will convey to the new owner • 10% Vacancy Rate - Strong current cash flow • Spectacular Mountain & Seasonal River Views - A major draw for renters This property is already producing solid monthly profit, and there's room to grow - space available for 4 additional RVs or 2 more mobile homes. Whether you're looking to expand your portfolio or step into a ready-to-go income-generating property, this is your shot. This is more than real estate - it's a business in a box. With contracts in place, low vacancy, and high demand, this is a money maker that won't last long. Schedule your showing today and secure your place in one of Tennessee's most beautiful and business-friendly areas. Buyer/buyer agent to verify that all information contained here in is accurate.
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    AC:Heat Pump3true
    Appliances:Rangetrue
    Basement:Block4true
    Basement:Concrete3true
    Basement:Dirt Floortrue
    Body Type:Double Widetrue
    Body Type:Single Widetrue
    Community Features:None32true
    Contract Info:ForeclosureNo
    Door Features:ENERGY STAR Qualified Doorstrue
    Easements:None12true
    Expenses Include:Lawn Mainttrue
    Expenses Include:WaterSewertrue
    Exterior Finish:Vinyl Sidingtrue
    Fireplace:Inserttrue
    Flooring:Vinyltrue
    Foundation:Block6true
    General Property Description:# Buildings7
    General Property Description:# of Units6.0
    General Property Description:Acres4.7
    General Property Description:Elementary School3Surgoinsville
    General Property Description:High School3Volunteer
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot DimensionsSee acreage
    General Property Description:Middle School2Surgoinsville
    General Property Description:Senior Community YN3No
    General Property Description:Stories21
    General Property Description:Total Units6
    General Property Description:Zoning2Residential
    Heating:Centraltrue
    Heating:Heat Pump2true
    Income and Expenses:Annual Operating Expenses1800
    Income and Expenses:Annual Utility Expenses2607
    Income and Expenses:Gross Annual Income42380
    Income and Expenses:Net Annual Income33100
    Income and Expenses:Vacancy Rate %10.0
    Info Available:Aerialtrue
    Interior Features:Garden Tubtrue
    Levels:Onetrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes505.81
    Location Tax Legal Info:Deed Book #1501
    Location Tax Legal Info:Deed Page #249
    Location Tax Legal Info:Lot #3
    Other Structures:Gazebotrue
    Parking Features:Carporttrue
    PorchPatioDeck:Front Porchtrue
    PorchPatioDeck:Porchtrue
    Property Condition:Averagetrue
    Property Condition:Fixertrue
    Remarks Misc:Directions3From Kingsport, head west on 11-W toward Surgoinsville, turn left on Main Street, then turn left on Ferry Rd. Property will be on the right.
    Remarks Misc:Public Remarks2Investor's Dream in Surgoinsville, TN - Turnkey Income Property with Expansion Potential! Don't miss this rare opportunity to own a high-performing commercial property in the scenic hills of Surgoinsville, Tennessee. Situated on 5 acres, this multi-income property includes: • 3 Bed / 2 Bath Home - Ideal for owner occupancy or additional rental income • 55' Garage + RV Carport - Perfect for large equipment or storage rental • 3 Single Wide Mobile Homes & 1 Double Wide - All included • 3 Mobile Homes Under Rent-to-Own Contracts - Providing reliable long-term income • 3 RV Lots Rented - All leases will convey to the new owner • 10% Vacancy Rate - Strong current cash flow • Spectacular Mountain & Seasonal River Views - A major draw for renters This property is already producing solid monthly profit, and there's room to grow - space available for 4 additional RVs or 2 more mobile homes. Whether you're looking to expand your portfolio or step into a ready-to-go income-generating property, this is your shot. This is more than real estate - it's a business in a box. With contracts in place, low vacancy, and high demand, this is a money maker that won't last long. Schedule your showing today and secure your place in one of Tennessee's most beautiful and business-friendly areas. Buyer/buyer agent to verify that all information contained here in is accurate.
    Roof:Metal3true
    Sewer:Septic Tanktrue
    Structure Type:Housetrue
    Structure Type:Manufactured Housetrue
    Structure Type:Mixed Usetrue
    Structure Type:Multi Familytrue
    Style:Cottage3true
    Style:See Remarks40true
    TopographyLot Description:Pasture2true
    TopographyLot Description:Rolling Slopetrue
    Unit 1:# Bathrooms52.0
    Unit 1:# Bedrooms33
    Unit 2:# Bathrooms42.0
    Unit 2:# Bedrooms44
    Unit 2:Monthly Rent21000
    Unit 3:# Bathrooms32.0
    Unit 3:# Bedrooms52
    Unit 3:Monthly Rent3385
    Unit 4:# Bathrooms21.0
    Unit 4:# Bedrooms62
    Walls:Drywalltrue
    Walls:Panelingtrue
    Water:Publictrue
    Window Features:Double Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Greater Impact Realty Kingsport
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