Great Investment Opportunity! Mobile Home Park Close to the Pigeon River and approx. 2 Miles from several River Rafting Companies and The Cherokee National Forest! 7 existing Home rentals and 1 lot rental on 2.43 acres with the potential to add at least 2 more Rental Homes and Lots! Utilities and Water Meters are separate to each lot. Soil Maps and Survey available. Wow! Currently Nets over $22K-at- $300 per unit rent! Property will pay for itself in 6 or 7 years! Owner will consider financing w / 50pct. down, ballooned in 5 yrs.
Multi-familyProperty Type
2001Year Built
$19Price/Sq.Ft.
Listed by Karen Massey• Massey Realty
•865-805-0321 (agent)
•uoftvols1fan@aol.com (agent)
•865-805-0321 (broker)
•massey@masseyrealtor.com (broker)
Bought with Paul Wiseheart• Wiseheart Appraisal, Inc.
Great Investment Opportunity! Mobile Home Park Close to the Pigeon River & approx. 2 Miles from several River Rafting Companies & The Cherokee National Forest! 7 existing Home rentals & 1 lot rental on 2.43 acres with the potential to add at least 2 more Rental Homes & Lots! Utilities & Water Meters are separate to each lot. Soil Maps & Survey available. Wow! Currently Nets over $22K@ $300 per unit rent! Property will pay for itself in 6 or 7 years! Owner will consider financing w/ 50% down, ballooned in 5 yrs.
GSMAR #172979
May 31, 2012
Sold
$152,000
$19/sq ft
Great Investment Opportunity! Mobile Home Park Close to the Pigeon River & approx. 2 Miles from several River Rafting Companies & The Cherokee National Forest! 7 existing Home rentals & 1 lot rental on 2.43 acres with the potential to add at least 2 more Rental Homes & Lots! Utilities & Water Meters are separate to each lot. Soil Maps & Survey available. Wow! Currently Nets over $22K@ $300 per unit rent! Property will pay for itself in 6 or 7 years! Owner will consider financing w/ 50% down, ballooned in 5 yrs.
Knoxville MLS #792332
May 31, 2012
Sold
$152,000
$19/sq ft
Feb 17, 2012
Listed
$179,000
$23/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Cocke County
APN
19.02
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 28, 2024.
Property details
Parking
Garage Information
Parking Features: On Premise Parking
Interior
Interior Features
Appliances: Refrigerator
Multi-Family Information
# Of Units Total: 7
Gross Income: $26,400
Operating Expense: $3,100
Net OperatingIncome: $22,225.59
Owner Pays: Taxes, Insurance
Exterior
Exterior Features
Construction Materials: Vinyl Siding, Metal Siding
Property Information
Building Area Total: 7,832
Lot Information
Lot Size Dimensions: 2.43
Financial
Tax Information
County Taxes: $1,074
Total Tax: $1,074
Utilities
Heating & Cooling
Heating YN: Yes
Heating: Heat Pump, Central, Electric
Cooling YN: Yes
Cooling: Central Cooling
Location
Location Information
Directions: From I-40 Exit 440, Go South on Hartford Rd. (Denton Rd) approx. 2 miles. Mobile Home Park on RHS. Road frontage on Both Hartford Rd and Denton Rd.