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    114 Victory Lane

    Elizabethton, TN 37643
    • $494,900
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 9911863
    UPDATED: 61 min ago
    $494,900
    • 0
      BEDS
    • 17.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    17.21 Wooded, secluded acres improved with a private home, A-Frame guest house, commercial garage building and an 11 unit mobile home park. Approximately 1,755 lineal feet of nicely paved driveway meanders through wooded acreage, taking you to this hilltop investment opportunity. Owner built chalet style home, an A Frame cottage, a detached workshop garage with bath, ten single wide mobile homes and one double wide mobile home are all included in this package deal. Currently, the owner lives in the large chalet style home, rents all of the mobile homes, uses the garage workshop himself and the A frame as a guest house. But, all of it offers tremendous rental income potential. The main house offers three levels with 2 bedrooms and 2 baths, the A Frame is a 1 bedroom, 1 bath cottage and the detached garage with bath can be rented for commercial or storage usage. Income from just the mobile homes alone total $4,743 per month with projected income from the two houses and garage boosting the income potential greatly for this well maintained mobile home park, private home, guest house and garage. The owner lives in the chalet style home which is located withing the premises of the mobile home park and carefully screens all renters and is there to maintain the property and the units. As a result, this investment property is ready to turn over to a new owner in well maintained condition with all mobile homes fully rented. The 17.02 plus acres affords total privacy for all living units on site and also allows for the potential to expand the park. Eight of the single wide mobile homes are rented through the Section 8 program with rental income guaranteed. This is an excellent investment opportunity for those seeking quality rental income property. All info. taken from Tax Records. Buyer/buyer's Agent to verify all.

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    © 2020 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2020-09-21T13:59:59.873.
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    114 Victory Lane Elizabethton, TN 37643

    • Price: $494,900
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 9911863
    0
    Beds
    0
    Baths
    0
    ½ Baths
    17.21
    Acres
    1990
    Built
    Neighborhood:
    Carter County
    County:
    Carter
    Area:
    Carter County
    Elementary School:
    Keenburg
    Middle School:
    Keenburg
    High School:
    Elizabethton
    Property Description
    17.21 Wooded, secluded acres improved with a private home, A-Frame guest house, commercial garage building and an 11 unit mobile home park. Approximately 1,755 lineal feet of nicely paved driveway meanders through wooded acreage, taking you to this hilltop investment opportunity. Owner built chalet style home, an A Frame cottage, a detached workshop garage with bath, ten single wide mobile homes and one double wide mobile home are all included in this package deal. Currently, the owner lives in the large chalet style home, rents all of the mobile homes, uses the garage workshop himself and the A frame as a guest house. But, all of it offers tremendous rental income potential. The main house offers three levels with 2 bedrooms and 2 baths, the A Frame is a 1 bedroom, 1 bath cottage and the detached garage with bath can be rented for commercial or storage usage. Income from just the mobile homes alone total $4,743 per month with projected income from the two houses and garage boosting the income potential greatly for this well maintained mobile home park, private home, guest house and garage. The owner lives in the chalet style home which is located withing the premises of the mobile home park and carefully screens all renters and is there to maintain the property and the units. As a result, this investment property is ready to turn over to a new owner in well maintained condition with all mobile homes fully rented. The 17.02 plus acres affords total privacy for all living units on site and also allows for the potential to expand the park. Eight of the single wide mobile homes are rented through the Section 8 program with rental income guaranteed. This is an excellent investment opportunity for those seeking quality rental income property. All info. taken from Tax Records. Buyer/buyer's Agent to verify all.
    Exterior Features

    Exterior Finish T111 Foundation Block Garage Carport Spaces 6 Lot Dimensions Irregular Other Structures Outbuilding Parking Features Asphalt Porch Patio Deck DeckWrap Around Roof Architect Shingle Style 1.5 StoryChalet Topography Lot Description MountainousPart WoodedRolling Slope View Mountain Walls DrywallPaneling Window Features Insulated Windows

    Interior Features

    Ac Central AirWindow Unit(S) Appliances DishwasherRangeRefrigerator Basement BlockExterior EntryGarage DoorInterior Entry Flooring ConcreteHardwoodLaminate Heating Forced AirPropane Laundry Features Electric Dryer HookupWasher Hookup

    Property Features

    Auction No Building1 Number Units 11 Building2 Number Units 1 Building3 Number Units 1 Building4 Number Units 11 City Taxes 0.00 County Taxes 2410.00 Easements Rec. Right Of Way Existing Finance None Financing CashConventional Foreclosure No Income And Expenses Annual Utility Expenses 5400 Income And Expenses Gross Annual Income 56808 Income And Expenses Vacancy Rate Percent 0.00 Property Condition Above Average Property Sub Type Multi-Family Sewer Septic Tank Short Sale No Utilities Cable Available Water Public Zoning Multi-Family

    Listing information © 2020 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of David Collins of Russ Swanay Real Estate Compan.



    © 2020 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2020-09-21T13:59:59.873.
     
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