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1418 Mae Collins Road

Morristown TN 37813
MLS #9997857 · Listing Courtesy of Greater Impact Realty Jonesborough
$495,000
Active
1.7
Acres
1418 Mae Collins Road, Morristown, TN 37813, photo 1 of 2
1418 Mae Collins Road, Morristown, TN 37813, photo 2 of 2
Property Description
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.
Property Facts
Property TypeCommercial Sale
MLS Number9997857
City Taxes$0
County Taxes$45.31
Features & Amenities
Interior
Central Heating
Electric Heating
Window Unit(s)
Exterior
Cleared
County Road
Finished Lot(s)
Infrastructure In
Metal Roof
Metal Siding Exterior
Shingle Roof
Vinyl Siding Exterior
Other
220 Volts
Aerial
Average Condition
Below Average Condition
Electricity Available
Fixer Condition
Mobile/Trailer Park
Public Water
Septic Tank Sewer
Water Connected
Directions
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.
  • Additional Information
    Contract Info
    ForeclosureNo
    General Property Description
    Annual Lease0
    HOANo
    LeaseNo
    Lot SizeSee aerials
    Total Finished SqFt0
    Unfinished SqFt0
    ZoningA-1
    Heating
    OtherYes
    Location Tax Legal Info
    Deed Book #2,065
    Deed Page #169
    Other Equipment
    See RemarksYes
    Restrictions
    See RemarksYes
    Sale Includes
    See RemarksYes
    Utilities
    OtherYes
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