$199,000
Bulls Gap, TN 37711
MLS# 9960029
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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-bedrooms, 2 bath. Current gross income of $2350 per month / $28,200 annual 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
Area: 416 - Surgoinsvl/Rogersvl/W Hawkins
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
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
Lease: No
Lot Size: 1.05Ac
Acres: 1.05
Zoning: n/a
HOA Y/N: No
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-bedrooms, 2 bath. Current gross income of $2350 per month / $28,200 annual 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.
Property Features
Property Condition: Average; Below Average
Business Type: Mobile/Trailer Park
Exterior Finish: Metal Siding
Other Equipment: Range; Refrigerator
Roof: Other
Electric Service: Single Phase
Development Status: See Remarks
Heating: Forced Air
AC: Window Unit(s)
Water: Public
Sewer: Septic Tank
Road Access: County Road
Info Available: Aerial; Profit/Loss Statement; Rental Roles
Restrictions: See Remarks
Financing: See Remarks
Sale Includes: See Remarks
Listing Office: Blue Ridge Properties
Last Updated: February - 28 - 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.