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1418 Mae Collins Road, Morristown, TN 37813

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For Sale

$600,000

2 beds • 1 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Mobile/Manufactured Home
    Property type

  • Newly Listed
    Time on Century 21

  • 1-5 Years Old
    Age

Explore this Property

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 bathroomApproximate size: 14x40 (buyer should confirm exact dimensions)Some units have washer/dryer hookupsWindow heat/air unitsRental Income:Current rent per home: $725/monthTotal current rent for 7 homes: $5,075/monthUtility Information:Property owner covers water for all homesTenants pay for individual electric serviceEach of the 11 spaces has electric and septic hookups availableAdditional Details:1 home is undergoing a remodel, offering the potential for increased rentSignificant upside potential for development of the remaining 4 lotsThis 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
MLS# 705304

Courtesy Of Griffin Home Group

(423) 482-0743

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Dock
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Lot Size
    1.7 Acres

Map and Directions

Directions to 1418 Mae Collins Road, Morristown, TN 37813

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(865) 429-2121
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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