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1418 Mae Collins Road, Morristown, TN 37813
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$525,000
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Home Details for 1418 Mae Collins Road
Price
$525,000
Type
Multi Family
Lot Size
1.7
County
Hamblen
MLS®️ Listing#
9974614
On exitrealty.com
265 days
Property Description
An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase.
Home Details:
2 bedrooms, 1 bathroom
Approximate size: 14x40 (buyer should confirm exact dimensions)
Some units have washer/dryer hookups
Window heat/air units
Rental Income:
Current rent per home: $725/month
Total current rent for 7 homes: $5,075/month
Utility Information:
Property owner covers water for all homes
Tenants pay for individual electric service
Each of the 11 spaces has electric and septic hookups available
Additional Details:
1 home is undergoing a remodel, offering the potential for increased rent
Significant upside potential for development of the remaining 4 lots
This property is a promising investment with consistent rental income and the opportunity to add value through future development.
IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
- Cooling Information
- Window Unit(s)
- Heating Information
- Other
- Water Features
- Public
School Information
School Information for 1418 Mae Collins Road
Elementary School
Lincoln
Middle School
Lincoln Heights
High School
Morristown West
Listing Courtesy: LPT Realty - Griffin Home Group - 423-482-0743. Presented by: Jim Griffin
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Tennessee Virginia Regional MLS. All Rights Reserved.
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Market statistics compiled from data from Tennessee Virginia Regional MLS.
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$525,000
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EXIT REALTY TRI-CITIES
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