About 1418 Mae Collins Road
An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Features of 1418 Mae Collins Road
| MLS® # | 9974614 |
|---|---|
| Price | $550,000 |
| Bathrooms | 0.00 |
| Square Footage | 560 |
| Acres | 1.70 |
| Type | Multi Family |
| Sub-Type | Multi Family |
| Style | Other, See Remarks |
| Status | Active |
Community Information
| Address | 1418 Mae Collins Road |
|---|---|
| Subdivision | Not In Subdivision |
| City | Morristown |
| County | Hamblen |
| State | TENNESSEE |
| Zip Code | 37813 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Stories | One |
Exterior
| Exterior | Vinyl Siding, Other |
|---|---|
| Lot Description | Other18,See Remarks |
School Information
| Elementary | Lincoln |
|---|---|
| Middle | Lincoln Heights |
| High | Morristown West |
Additional Information
| Date Listed | December 27th, 2024 |
|---|---|
| Days on Market | 22 |
| Zoning | Rs |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | LPT Realty - Griffin Home Group |
|---|