$589,900
Greeneville, TN 37743
MLS# 9992067
4766 sqft
|
1 / 72
Property Description
Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 085 01702 000
Deed Book #: 534A
Deed Page #: 1397
City Taxes: 0
County Taxes: 2833.38
Contract Info
List Price/SqFt: 119.66
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 589900
Current Price: $589,900
Listing Date: 2026-03-08
General Property Description
Lot Dimensions: 1.66 Acres
Acres: 1.66
Zoning: A-1
# Buildings: 2
Elementary School: Mosheim
# of Units: 7
Middle School: None
Total Units: 2
High School: West Greene
Stories: 1
Senior Community YN: No
# Fireplaces: 0
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1979
Total SqFt: 4766
Remarks & Misc
Public Remarks: Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.
Directions: Turn onto TN-70 N/Lonesome Pine Trail from 11E ByPass. Go approximately 2.5 miles and turn left onto Lovers Lane. Propery will be on the left.
Property Condition
Average: 1
Income and Expenses
Gross Annual Income: 66000
Other Structures
Storage: 1
Exterior Finish
Vinyl Siding: 1
Unit 1
# Units: 6
# Bedrooms: 7
# Bathrooms: 6
SqFt: 4122
Unit 2
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
SqFt: 644
Style
Other: 1
Roof
Metal: 1
Levels
One: 1
Window Features
Insulated Windows: 1
Heating
Electric: 1
Heat Pump: 1
AC
Ceiling Fan(s): 1
Heat Pump: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Cleared: 1
Level: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Laminate: 1
Luxury Vinyl: 1
Tile: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Security Features
Smoke Detector(s): 1
Parking Features
Concrete: 1
Driveway: 1
Garage
Carport Spaces: 1
Existing Finance
Conventional: 1
Walls
Drywall: 1
Foundation
Pillar/Post/Pier: 1
Slab: 1
Structure Type
Manufactured House: 1
Multi Family: 1
Body Type
Single Wide: 1
Location Tax Legal Info
Street #: 620
Street Name: Lovers
St Suffix: Lane
County: Greene
State/Province: TN
Zip Code: 37743
Subdivision: Not In Subdivision
Property Features
Property Condition: Average
Style: Other
Levels: One
Exterior Finish: Vinyl Siding
Appliances: Dishwasher; Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Laminate; Luxury Vinyl; Tile
Roof: Metal
Parking Features: Concrete; Driveway
Other Structures: Storage
Heating: Electric; Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Insulated Windows
Sewer: Septic Tank
Foundation: Pillar/Post/Pier; Slab
AC: Ceiling Fan(s); Heat Pump
Utilities: Cable Connected; Electricity Connected; Water Connected
Structure Type: Manufactured House; Multi Family
Body Type: Single Wide
Walls: Drywall
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Listing Office: Preferred Properties of East Tennessee
Last Updated: March - 10 - 2026
Information deemed reliable but not guaranteed.