1418 Mae Collins Road, Morristown TN 37813

$525,000

1418 Mae Collins Road, Morristown, TN 37813

bedrooms

bathrooms

square feet

560

Acreage

1.7

Open Houses

year built

Full Baths

Half Baths

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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

Location
Subdivision	Not In Subdivision
County	Hamblen
Elementary School	Lincoln
Middle School	Lincoln Heights
High School	Morristown West

Driving directions

Open houses

None scheduled.

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MLS number: 9974614

Listing agent: Jim Griffin

Listing broker: Griffin Home Group (423) 302-0333

Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, January 24 2025 at 4:24 p.m. EST

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