1418 Mae Collins Road, Morristown, TN 37813 - Hamblen County

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

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