1418 Mae Collins RD Morristown, TN 37813
1.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 9997857
HOA Y/N No
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions See aerials
Source Tennessee/Virginia Regional MLS
Property Description
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.
Location
State TN
County Hamblen
Community Not In Subdivision
Area 1.7
Zoning A-1
Direction 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.
Interior
Heating Central, Electric, Other, Electric
Cooling Window Unit(s)
Equipment See Remarks
Heat Source Central, Electric, Other
Exterior
Utilities Available Electricity Available, Water Connected, Other
Roof Type Metal,Shingle
Road Frontage County Road
Building
Sewer Septic Tank
Water Public
Structure Type Metal Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 049d B 01000 000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS & PROPERTIES