Property Description

Listing Status

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  AC:Window Unit(s)	true
  Business Type:MobileTrailer Park	true
  Contract Info:Foreclosure	No
  Development Status:Cleared2	true
  Development Status:Finished Lot(s)	true
  Development Status:Infrastructure In	true
  Electric Service:220 Volts	true
  Exterior Finish:Metal Siding	true
  Exterior Finish:Vinyl Siding	true
  General Property Description:Acres	1.7
  General Property Description:Annual Lease	0.0
  General Property Description:HOA YN	No
  General Property Description:Lease	No
  General Property Description:Lot Size2	See aerials
  General Property Description:Total SqFt Finished	0.0
  General Property Description:Total SqFt Unfinished	0.0
  General Property Description:Zoning2	A-1
  Heating:Central	true
  Heating:Electric	true
  Heating:Other12	true
  Info Available:Aerial	true
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	45.31
  Location Tax Legal Info:Deed Book #	2065
  Location Tax Legal Info:Deed Page #	169
  Other Equipment:See Remarks38	true
  Property Condition:Average	true
  Property Condition:Below Average	true
  Property Condition:Fixer	true
  Remarks Misc:Directions3	From Johnson City head down i-26 to exit 8A. Merge on 81 drive 45 miles to ext 12. Turn right off exits continue 5.2 miles to Sulphur Springs Rd turn left. In .6 miles turn left on Mae Collins Rd. Property will be on left there is a circle driveway.
  Remarks Misc:Public Remarks7	Excellent investment opportunity on 1.7 acres in Morristown, TN. This income-producing property offers ash flow with significant upside potential for expansion and increased returns. The property includes 11 total lots with 7 single-wide mobile home units conveying with the sale. Currently, 4 units are rented at $725 per month each, producing $2,900 in monthly income. Three additional units are vacant and ready for updates, offering immediate value-add potential. In addition, there are 4 vacant lots that may be used for additional rental units or lot rentals, providing multiple opportunities for future development and increased income. Each of the 11 spaces is equipped with electric and septic hookups. The owner currently covers water for the property, while tenants are responsible for their own electric service. Units are approximately 2 bedrooms and 1 bathroom, with an estimated size of 14x50 (buyer to verify), and some include washer/dryer hookups and window heat/air units. This property presents a strong combination of current income and future growth potential through renovations, filling vacancies, or expanding the number of units on site. All information is to be verified by the buyer and buyer's agent.
  Restrictions:See Remarks34	true
  Road Access:County Road	true
  Roof:Metal3	true
  Roof:Shingle	true
  Sale Includes:See Remarks35	true
  Sewer:Septic Tank	true
  Utilities:Electricity Available	true
  Utilities:Other31	true
  Utilities:Water Connected	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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