$765,000
$795,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
1,200 SqFt
SOLD DATE : 09/30/2024
Key Details
Sold Price $765,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $637
Subdivision Hunters Cove
MLS Listing ID 1264852
Sold Date 09/30/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1980
Lot Dimensions 13.77
Property Description
Amazing opportunity to add value to this park. Current income at 9975.00 per month. 5 properties that are not habitable, can be renovated, or pulled out and replaced. Great tenants, no drugs, no theft. Everyone currently pays on time, in cash. All the straight rentals have been remodeled, with either thru the window heat and air units, or mini split systems. Newer appliances, roofs repaired. Singlewides do not age well, but I promise the inside of these units are clean, and up to par. This park was mismanaged by an unlicensed property manager, but is now under good management. Many of the RTO could be flipped to a straight rental. The adjoining could could be developed, and the little garage/efficiency apt could be rented after being fixed up. 174 2/2 lease 700-900, 311 3/3 Owned 300.00-500.00, 199 2/2 Owned 300-500.00
Location
State TN
County Monroe County - 33
Rooms
Other Rooms Split Bedroom, Mstr Bedroom Main Level
Interior
Heating Heat Pump, Central, Other, Electric
Cooling Attic Fan, Central Cooling
Flooring Vinyl, Other
Appliance Range
Heat Source Heat Pump, Central, Other, Electric
Exterior
Exterior Feature Deck
Garage Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Parking Type Off-Street Parking
Garage No
Building
Faces Exit 60 (Sweetwater) go south on 68, take left onto 411, take left on Wayman, turn left onto Oak Grove, Driveway is to left of Northside Church.
Structure Type Aluminum Siding,Frame
Others
Restrictions No
Tax ID map 57, pcl 12.03, 13.00, 15.01
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "