$300,000
$335,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
3.89 Acres Lot
SOLD DATE : 05/24/2022
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 9935094
Sold Date 05/24/22
Style See Remarks
Originating Board Tennessee/Virginia Regional MLS
Year Built 1995
Lot Size 3.890 Acres
Acres 3.89
Lot Dimensions 268x714x341x476 IRR
Property Description
Sciota Woods is a small, family owned mobile home park in beautiful Unicoi, Tennessee. The park has 15 usable single wide lots on 3.86 unrestricted acres with a quaint creek. It sits in a nice upscale neighborhood in the Cherokee National Forest. The trailers are owned by the tenants and do not convey with the sale. The current monthly lot fee is $165 per lot with month-to-month leases. Local comparison lot fees are $230. There are two trailers per septic system. All utilities are underground including city water and fiber optic high-speed internet. The tenants pay their own separately metered utility bills and maintain their own yards and driveways. Tenants take their trash to the local convenience center up the road. The owner does maintain the gravel roads throughout the park. There's additional space to add an owner/occupied home. Thirteen of the fifteen lots are currently occupied. The Seller had left one reserved for personal use (the shed on this first lot will be moved prior to closing). You could add another couple of homes or have some long or short term RV rentals fill the space right away.
Annual fixed expenses and taxes currently total less than $3,000 per year. A new owner could leave it as it is or there's great potential to convert it to an RV park, tiny house, cottage community, or a combination of all of the above. It's an easy 20 minutes to downtown Johnson City, TN and 1 hour to Asheville, NC. Close to shopping, outdoor adventures, Alexander State Park, Mountain Home Veterans Hospital and East Tennessee State University. ''A nice place to call home''.
Location
State TN
County Unicoi
Community Not In Subdivision
Area 3.89
Direction NOT GPS friendly. From Johnson City take I-26 E/US-23 S to State Hwy 173 in Unicoi. Take exit 32 from I-26 E/US-23 S. Turn left onto State Hwy 173. Turn right onto Unicoi Dr. Turn left onto TN-107 E. Turn left onto Scioto Rd. You will see the Sciota Woods sign on the right hand side of the road.
Interior
Heating See Remarks
Cooling See Remarks
Heat Source See Remarks
Exterior
Exterior Feature Other
Garage Gravel, Parking Spaces
Utilities Available Cable Available
Parking Type Gravel, Parking Spaces
Building
Lot Description Level
Sewer Septic Tank
Water Public
Architectural Style See Remarks
Structure Type See Remarks
Schools
Elementary Schools Unicoi
Middle Schools Unicoi Co
High Schools Unicoi Co
Others
Senior Community No
Tax ID 008 123.02
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