$550,000
Church Hill, TN 37642
MLS# 9938768
Status: Closed
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Property Description
Great investment opportunity and perfect for your 1031 Exchange! $91,080 annual gross income, 10 unit mobile home park with great rental history. All homes are park owned. 9 units have undergone major renovations, have central heat & air and are fully occupied. A 10th home is in need of renovating or replaced prior to being occupied. Tenants pay for individually metered electric and water. Vacant land area may accommodate 2 or more additional homes for future expansion although buyer responsible to verify the feasibility of such including utility & septic connections. Proof of funds and/or pre-approval letter must be provided prior to scheduling a showing. Buyer to verify any and all information.
Details
Maps
Location, Tax & Legal Info
Lot #: 10
Parcel ID: 042 075.00
Deed Book #: 1231
Deed Page #: 36
City Taxes: 0
County Taxes: 2864.83
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 649900
Current Price: $550,000
Listing Date: 2022-06-03
General Property Description
Lot Dimensions: 311x662
Acres: 4.5
Zoning: Commercial
Elementary School: Church Hill
# of Units: 10
Middle School: Church Hill
Total Units: 10
High School: Volunteer
Property Sub-Type: Multi Family
Year Built: 1994
Remarks & Misc
Directions: West on 11w. Turn right on Elm Springs Rd. Turn left on Country Lane. Property is on right.
Property Condition
Above Average: 1
Average: 1
Income and Expenses
Gross Annual Income: 91080
Exterior Finish
Aluminum Siding: 1
Unit 1
# Units: 1
Unit 2
# Units: 1
Style
Other: 1
Unit 3
# Units: 1
Unit 4
# Units: 1
Heating
Heat Pump: 1
AC
Heat Pump: 1
Water
Public: 1
Topography/Lot Description
Level: 1
Sloped: 1
Easements
None: 1
Structure Type
Manufactured House: 1
Body Type
Double Wide: 1
Single Wide: 1
Location Tax Legal Info
Street #: 221
Street Name: Country
St Suffix: Lane
County: Hawkins
State/Province: TN
Zip Code: 37642
Status Change Info
Date Pending: 2022-11-13
Sold Date: 2022-12-09
Sold Price: $550,000
Property Features
Property Condition: Above Average; Average
Style: Other
Exterior Finish: Aluminum Siding
Heating: Heat Pump
Water: Public
AC: Heat Pump
Structure Type: Manufactured House
Body Type: Double Wide; Single Wide
Easements: None
Listing Office: KW Kingsport
Last Updated: December - 12 - 2022
Information deemed reliable but not guaranteed.