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1108 &1112 South Walnut Drive, Erwin, TN 37650 - $125,000

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Bedrooms: 4 Full Bathrooms: 2 Half Bathrooms: 0
Type: Residential Sub Type: Single Family Residence MLS Number: 9983313
Living Area: 1,300 Lot Acreage: 0 Year Built: 1977
Elementary School: Rock Creek Middle School: Unicoi Co High School: Unicoi Co
Property Description
This is a turnkey investment opportunity featuring two single-wide mobile homes, each offering 2 bedrooms and 1 full bath. One unit is currently occupied on a month-to-month lease at $400/month, providing immediate cash flow. The second unit is vacant but requires minimal work to be rent-ready, offering quick upside potential. With both units rented, this property could generate strong monthly income with low overhead. Whether you're looking to expand your rental portfolio or secure a low-maintenance, high-yield asset, this property checks all the boxes. Solid ROI potential with room to increase rents over time. Opportunities like this don't come around often—act quickly to capitalize on this affordable investment!
Listing Status
Active
  • More Listing Info
    AC:Window Unit(s)true
    Appliances:Rangetrue
    Appliances:Refrigeratortrue
    Body Type:Single Widetrue
    Contract Info:ForeclosureNo
    Exterior Finish:Aluminum Sidingtrue
    Flooring:Carpettrue
    Flooring:Laminatetrue
    General Property Description:Above Grade SqFt1300.0
    General Property Description:Acres0.29
    General Property Description:Baths - Full2
    General Property Description:Deed Book #2476
    General Property Description:Deed Page #2148
    General Property Description:Elementary School3Rock Creek
    General Property Description:High School3Unicoi Co
    General Property Description:HOA YNNo
    General Property Description:Home WarrantyNo
    General Property Description:Lot Dimensions97 x 163
    General Property Description:Middle School2Unicoi Co
    General Property Description:Total Rooms28
    General Property Description:Total SqFt Finished1300.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2Residential
    Heating:Natural Gas2true
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes115.51
    PorchPatioDeck:Decktrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3Take Exit 37 toward Erwin onto US‑19W / SR‑81 / SR‑107 North Follow US‑19W N into Erwin town center (about 4.5 miles). As you approach central Erwin, turn left onto S Walnut St. Continue for a short distance to reach 1108 S Walnut St on your left.
    Remarks Misc:Public Remarks2This is a turnkey investment opportunity featuring two single-wide mobile homes, each offering 2 bedrooms and 1 full bath. One unit is currently occupied on a month-to-month lease at $400/month, providing immediate cash flow. The second unit is vacant but requires minimal work to be rent-ready, offering quick upside potential. With both units rented, this property could generate strong monthly income with low overhead. Whether you're looking to expand your rental portfolio or secure a low-maintenance, high-yield asset, this property checks all the boxes. Solid ROI potential with room to increase rents over time. Opportunities like this don't come around often—act quickly to capitalize on this affordable investment!
    Roof:Metal3true
    Sewer:Septic Tanktrue
    SqFt Details:Basement Total SqFt0
    SqFt Details:Finished SqFt Level 11300
    SqFt Details:Garage Total SqFt0
    Structure Type:Manufactured Housetrue
    Style:Other3true
    TopographyLot Description:Level2true
    Walls:Panelingtrue
    Water:Publictrue
    Window Features:Single Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Century 21 Legacy
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