$389,500
Surgoinsville, TN 37873
MLS# 9979351
1 / 61
Property Description
Investor's Dream in Surgoinsville, TN - Turnkey Income Property with Expansion Potential! Don't miss this rare opportunity to own a high-performing commercial property in the scenic hills of Surgoinsville, Tennessee. Situated on 5 acres, this multi-income property includes: • 3 Bed / 2 Bath Home - Ideal for owner occupancy or additional rental income • 55' Garage + RV Carport - Perfect for large equipment or storage rental • 3 Single Wide Mobile Homes & 1 Double Wide - All included • 3 Mobile Homes Under Rent-to-Own Contracts - Providing reliable long-term income • 3 RV Lots Rented - All leases will convey to the new owner • 10% Vacancy Rate - Strong current cash flow • Spectacular Mountain & Seasonal River Views - A major draw for renters This property is already producing solid monthly profit, and there's room to grow - space available for 4 additional RVs or 2 more mobile homes. Whether you're looking to expand your portfolio or step into a ready-to-go income-generating property, this is your shot. This is more than real estate - it's a business in a box. With contracts in place, low vacancy, and high demand, this is a money maker that won't last long. Schedule your showing today and secure your place in one of Tennessee's most beautiful and business-friendly areas. Buyer/buyer agent to verify that all information contained here in is accurate.
Details
Maps
Location, Tax & Legal Info
Lot #: 3
Parcel ID: 054 103.00
Deed Book #: 1501
Deed Page #: 249
City Taxes: 0
County Taxes: 505.81
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 389500
Current Price: $389,500
Listing Date: 2025-04-25
General Property Description
Lot Dimensions: See acreage
Acres: 4.7
Zoning: Residential
# Buildings: 7
Elementary School: Surgoinsville
# of Units: 6
Middle School: Surgoinsville
Total Units: 6
High School: Volunteer
Stories: 1
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1957
Remarks & Misc
Public Remarks: Investor's Dream in Surgoinsville, TN - Turnkey Income Property with Expansion Potential!
Don't miss this rare opportunity to own a high-performing commercial property in the scenic hills of Surgoinsville, Tennessee. Situated on 5 acres, this multi-income property includes:
• 3 Bed / 2 Bath Home - Ideal for owner occupancy or additional rental income
• 55' Garage + RV Carport - Perfect for large equipment or storage rental
• 3 Single Wide Mobile Homes & 1 Double Wide - All included
• 3 Mobile Homes Under Rent-to-Own Contracts - Providing reliable long-term income
• 3 RV Lots Rented - All leases will convey to the new owner
• 10% Vacancy Rate - Strong current cash flow
• Spectacular Mountain & Seasonal River Views - A major draw for renters
This property is already producing solid monthly profit, and there's room to grow - space available for 4 additional RVs or 2 more mobile homes. Whether you're looking to expand your portfolio or step into a ready-to-go income-generating property, this is your shot.
This is more than real estate - it's a business in a box. With contracts in place, low vacancy, and high demand, this is a money maker that won't last long.
Schedule your showing today and secure your place in one of Tennessee's most beautiful and business-friendly areas.
Buyer/buyer agent to verify that all information contained here in is accurate.
Directions: From Kingsport, head west on 11-W toward Surgoinsville, turn left on Main Street, then turn left on Ferry Rd. Property will be on the right.
Property Condition
Average: 1
Fixer: 1
Income and Expenses
Annual Operating Expenses: 1800
Annual Utility Expenses: 2607
Vacancy Rate %: 10
Net Annual Income: 33100
Gross Annual Income: 42380
Other Structures
Gazebo: 1
Exterior Finish
Vinyl Siding: 1
Unit 1
# Bedrooms: 3
# Bathrooms: 2
Unit 2
# Bedrooms: 4
# Bathrooms: 2
Monthly Rent: 1000
Style
Cottage: 1
See Remarks: 1
Roof
Metal: 1
Unit 3
# Bedrooms: 2
# Bathrooms: 2
Monthly Rent: 385
Levels
One: 1
Unit 4
# Bedrooms: 2
# Bathrooms: 1
Window Features
Double Pane Windows: 1
Door Features
ENERGY STAR Qualified Doors: 1
Interior Features
Garden Tub: 1
Heating
Central: 1
Heat Pump: 1
Info Available
Aerial: 1
AC
Central Air: 1
Heat Pump: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Range: 1
Topography/Lot Description
Pasture: 1
Rolling Slope: 1
Fireplace
Insert: 1
Flooring
Vinyl: 1
Easements
None: 1
Basement
Block: 1
Concrete: 1
Dirt Floor: 1
Community Features
None: 1
Parking Features
Carport: 1
Existing Finance
Conventional: 1
FHA: 1
Porch/Patio/Deck
Front Porch: 1
Porch: 1
Walls
Drywall: 1
Paneling: 1
Foundation
Block: 1
Structure Type
House: 1
Manufactured House: 1
Mixed Use: 1
Multi Family: 1
Body Type
Double Wide: 1
Single Wide: 1
Expenses Include
Lawn Maint: 1
Water/Sewer: 1
Location Tax Legal Info
House #: 110
Street Name: Ferry
St Suffix: Road
Area: Hawkins
State/Province: TN
Zip Code: 37873
Subdivision: Not In Subdivision
Property Features
Property Condition: Average; Fixer
Levels: One
Exterior Finish: Vinyl Siding
Interior Features: Garden Tub
Appliances: Range
Flooring: Vinyl
Roof: Metal
Parking Features: Carport
Other Structures: Gazebo
Heating: Central
Water: Public
Window Features: Double Pane Windows
Door Features: ENERGY STAR Qualified Doors
Sewer: Septic Tank
Fireplace: Insert
Basement: Dirt Floor
AC: Central Air; Heat Pump
Structure Type: House; Manufactured House; Mixed Use; Multi Family
Body Type: Double Wide; Single Wide
Walls: Drywall; Paneling
Info Available: Aerial
Easements: None
Expenses Include: Lawn Maint
Listing Office: Greater Impact Realty Kingsport
Last Updated: December - 11 - 2025
Information deemed reliable but not guaranteed.