$708,000
Johnson City, TN 37604
MLS# 9938699
Status: Closed
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Property Description
ATTENTION INVESTORS!! Looking for a profitable investment? Generating a lucrative return, this 18 unit mobile home park has it all! Equipped with 19 pads that are currently 95% occupied, and metered separately for water, and electric; this park comes with an established tenant base along with a 5+ acre tract located in the heart of Jonesborough off of Claude Simmons and W Market St. There are currently 7 mobile homes that are owned, along with 1 that is being RTO, and the remaining 10 units pay lot rent only. Conveniently located, and priced to sell at 10% cap rate; this investment opportunity will not last long at $725k. Call today to schedule your appointments! Rent roll is uploaded on MLS. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 052 202.01
City Taxes: 0
County Taxes: 1127.46
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 725000
Current Price: $708,000
Listing Date: 2022-06-02
General Property Description
Acres: 5.21
Lot Size: See Acreage
Zoning: Residential
Total SqFt Finished: 0
Total SqFt Unfinished: 0
Annual Lease $: 84060
Year Built: 1980
Remarks & Misc
Directions: From 11E headed toward Jonesborough, turn right onto Claude Simmons Rd. Turn left to stay on Claude Simmons Rd. Turn left again to stay on Claude Simmons Rd.
Business Type
Mobile/Trailer Park: 1
Exterior Finish
See Remarks: 1
Other Equipment
Other: 1
See Remarks: 1
Road Access
Private Road: 1
See Remarks: 1
Electric Service
See Remarks: 1
Development Status
Infrastructure In: 1
Heating
See Remarks: 1
Info Available
See Remarks: 1
AC
See Remarks: 1
Water
Public: 1
Sewer
Septic Tank: 1
See Remarks: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 102
Street Name: Claude Simmons
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37604
Area: 301 - NW Johnson City
Status Change Info
Date Pending: 2022-10-04
Sold Date: 2023-01-12
Sold Price: $708,000
Property Features
Business Type: Mobile/Trailer Park
Exterior Finish: See Remarks
Other Equipment: Other; See Remarks
Electric Service: See Remarks
Development Status: Infrastructure In
Heating: See Remarks
AC: See Remarks
Water: Public
Sewer: Septic Tank; See Remarks
Road Access: Private Road; See Remarks
Info Available: See Remarks
Restrictions: See Remarks
Financing: Cash; Conventional
Sale Includes: Fee Simple
Listing Office: The Addington Agency Bristol
Last Updated: January - 13 - 2023
Information deemed reliable but not guaranteed.