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2353 Highway 107, Unicoi, TN 37692

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For Sale

$499,000

5,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $99.80
    Price per square foot

  • 1-5 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

Buyer can move into one of the units with a 30-day notice!! Live in one unit and have two occupied rentals making income. Watch the video tour at https://vimeo.com/963738689 and see for yourself the potential of this property. $49,800 Gross Income/Yr. $35,700 Net Operating Income. 3-Unit 5,100 sq ft MF with Creekside RV Park Approved Plans for Future Income Stream. Situated on 1.9 acres of opportunity! With many possibilities, this property has been recently renovated with 3 constructed townhomes. (completed Jan 2024). The garage loft (Unit 1) rents for $1500/mo. 2400 sq ft multi-use space including 1 BR/1 BA, kitchen, dining, laundry set up (w/ washer/dryer), & HUGE upstairs loft room overlooking the open garage space housing 10' drive-thru garage doors, perfect for pulling in large vehicles. Has its own entrance. Two of the condos are 1,300 sq ft ea (2 BR/2 FULL BA). Lower level has 1 BR/1 BA, kitchen, LR. Upstairs has 1 BR/1 BA, LR, & office/loft, complete with high ceilings! Entry to these 2 condos is through main foyer adding extra security & direct access to a shared laundry room. Owner put $30k into the start of an RV Park, including clearing of trees & grade work for 7 spots (4 spots approved for septic, water, & electric & 3 more spots for water & electric only). 2nd septic tank already installed under ground in TDEC approved septic field for RV's (buyer will be responsible for completion of running water/electric to the spots and connecting to septic field). Separate water/electric meter installed for lots as well (building has its own meters for townhomes). On back of building, two 50 amp plugs can power 2 RVs currently. NETN average monthly RV rates are $250-$500 per month (all inclusive=water/sewer/cable) on gravel. NETN average nightly RV rates are $70-$90 per night (all inclusive) on gravel. Concrete pads get more. Electric/water without sewer get less. Conservative estimate is additional $15K/yr GI & $12K/yr NOI for monthly RV rentals when done.
MLS# 9967598

Courtesy Of Greater Kingsport Realty

(423) 433-6500

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Dock, Porch, Patio, Water Front
  • Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Fireplace
    Fireplace
  • Floor Covering
    Concrete, Vinyl
  • Heating System
    Baseboard, Fireplace, Stove
  • Lot Size
    1.88 Acres
  • Roof Type
    Metal
  • View Type
    Mountain, Water

Map and Directions

Directions to 2353 Highway 107, Unicoi, TN 37692

Home seller CENTURY 21 Legacy

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CENTURY 21 Legacy

(423) 282-1885
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† 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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