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

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9983321
Living Area: 0 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
    Contract Info:ForeclosureNo
    Easements:Other7true
    Exterior Finish:Aluminum Sidingtrue
    Flooring:Carpettrue
    Flooring:Laminatetrue
    General Property Description:# Buildings2
    General Property Description:# of Units2.0
    General Property Description:Acres0.29
    General Property Description:Elementary School3Rock Creek
    General Property Description:High School3Unicoi Co
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions97 x 163
    General Property Description:Middle School2Unicoi Co
    General Property Description:Senior Community YN3No
    General Property Description:Total Units2
    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
    Location Tax Legal Info:Deed Book #476
    Location Tax Legal Info:Deed Page #144
    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
    Structure Type:Manufactured Housetrue
    Style:Other53true
    TopographyLot Description:Level2true
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms32
    Unit 1:SqFt6650
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms42
    Unit 2:SqFt5650
    Water:Publictrue
    Window Features:Single Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Century 21 Legacy
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