$199,000
Bulls Gap, TN 37711
MLS# 9960028
3876 sqft
1 / 12
Property Description
Great investment opportunity located just 10 minutes from Rogersville's Main Street and 5 minutes from Cherokee Lake. Convenient to industry, major retail, restaurants, and schools. This 1-acre park has a stable rental history with 4 park-owned homes. All are 3-bedroom, 2-bath. Current gross income is $2350 per month--$28,200 annually-- with low taxes, reliable collections, and good cash flow. City water and power are individually metered and billed directly to tenants. Excellent property for a first-time investor or someone looking to add to their existing portfolio. Showings scheduled for preapproved buyers only with minimum 24-hour notice. DO NOT DISTURB TENANTS. Call for your appointment today!
Details
Maps
Location, Tax & Legal Info
Street #: 714-720
Street Name: Phillips Town
St Suffix: Road
County: Hawkins
State/Province: TN
Zip Code: 37711
Subdivision: Not In Subdivision
Deed Book #: 1468
Deed Page #: 847
Parcel ID: 144 054.00
County Taxes: 312
Contract Info
Status: Active
Listing Price: 199000
Current Price: $199,000
List Price/SqFt: 51.34
Listing Date: 2023-12-06
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 1.05Ac
Acres: 1.05
Zoning: n/a
Property Sub-Type: Multi-Family
# Buildings: 4
# of Units: 4
Total Units: 4
Stories: 1
Elementary School: Bulls Gap
Middle School: Bulls Gap
High School: Cherokee
HOA Y/N: No
Total SqFt: 3876
Remarks & Misc
Public Remarks: Great investment opportunity located just 10 minutes from Rogersville's Main Street and 5 minutes from Cherokee Lake. Convenient to industry, major retail, restaurants, and schools. This 1-acre park has a stable rental history with 4 park-owned homes. All are 3-bedroom, 2-bath. Current gross income is $2350 per month--$28,200 annually-- with low taxes, reliable collections, and good cash flow. City water and power are individually metered and billed directly to tenants. Excellent property for a first-time investor or someone looking to add to their existing portfolio. Showings scheduled for preapproved buyers only with minimum 24-hour notice. DO NOT DISTURB TENANTS. Call for your appointment today!
Directions: Highway 11W to Melinda Ferry Road. 5 miles to right on Hwy 113. Next left on St. Clair Bulls Gap Rd. Bear left to Phillips Town. Property on left, at corner of Phillips Town and Long Town Rd.
Income and Expenses
Gross Annual Income: 28200
Unit 1
# Units: 1
# Bedrooms: 3
# Bathrooms: 2
SqFt: 784
Monthly Rent: 550
Unit 2
# Units: 1
# Bedrooms: 3
# Bathrooms: 2
SqFt: 952
Monthly Rent: 700
Unit 3
# Units: 1
# Bedrooms: 3
# Bathrooms: 2
SqFt: 924
Monthly Rent: 550
Unit 4
# Units: 1
# Bedrooms: 3
# Bathrooms: 2
SqFt: 1216
Monthly Rent: 550
Property Features
Property Condition: Average; Below Average
Style: See Remarks
Levels: One
Exterior Finish: Metal Siding
Appliances: Range; Refrigerator
Parking Features: Gravel
Topography/Lot Description: Level
Heating: Forced Air
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Sewer: Septic Tank
AC: Window Unit(s)
Utilities: Cable Connected
Construction: Manufactured
Body Type: Single Wide
Easements: None
Expenses Include: Lawn Maint; Taxes Real Estate
Listing Office: Blue Ridge Properties
Last Updated: April - 04 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.