$349,900
Cleveland, TN 37323
MLS# 1240267
6048 sqft
1 / 15
Property Description
Discover a remarkable investment opportunity nestled on approximately 3.50 lush acres. This unique property boasts six mobile homes, each occupied by long-standing renters, ensuring a steady income stream right from the start. All homes are well-maintained, featuring central heating and air conditioning for year-round comfort, as well as durable metal roofs for added peace of mind. Each residence benefits from its own septic system, fostering a sense of independence and ease of management. Additionally, a spacious 30-foot by 40-foot block building graces the property, complete with electricity and a half bath. This versatile space is perfect for a workshop, storage, or could be adapted to suit a variety of entrepreneurial activities. The thoughtful layout emphasizes privacy and accessibility, with ample space between homes to ensure a comfortable living environment. Surrounded by the tranquil beauty of the area, residents enjoy a serene lifestyle while remaining connected to essential services and community features. This property is not just a purchase; it's a strategic investment in a stable and proven income generator. With all units currently occupied and in good standing, you can start benefiting from your investment immediately. Do not miss out on this chance; schedule your private showing today to see the potential and promise that awaits at this multi-family dwelling. Unlock the door to a valuable addition to your investment portfolio.
Details
Maps
Documents
Location, Tax & Legal Info
House #: 1014/1016
St Dir: SE
Street Name: Ellis
St Suffix: Drive
State/Province: TN
Zip Code: 37323
Area: Bradley County - 47
City/County Code: City Limits
PIN #: 065k g 008.00, 009.00, 009.00 001, 015.01
Subdivision: None
Elementary School: Waterville
Middle School: Lake Forest
High School: Bradley
Total Tax: 853.34
Geo Lat: 35.120531
Geo Lon: -84.879079
Contract Info
Auction Y/N: No
Listing Price: 349900
Current Price: $349,900
Status: Active
Listing Date: 2023-09-20
Cooperation Comp: 2.5
Compensation Type: %
General Property Description
SqFt - Total (Aprox): 6048
Lot Dimensions: 263x458x489x152x133x201
Number of Units: 6
# Units Leased: 6
Year Built: 1980
Property Status: N/A
Restrictions: No
Driveway: Yes
Remarks & Misc
Directions: From the intersection of 25th Street and N Ocoee Street, head towards the bypass for 4.9 miles. Turn left onto Blackburn Road and continue .7 miles. Turn left onto Ellis Drive for .2 miles. The property will be on the right.
Public Remarks: Discover a remarkable investment opportunity nestled on approximately 3.50 lush acres. This unique property boasts six mobile homes, each occupied by long-standing renters, ensuring a steady income stream right from the start. All homes are well-maintained, featuring central heating and air conditioning for year-round comfort, as well as durable metal roofs for added peace of mind. Each residence benefits from its own septic system, fostering a sense of independence and ease of management. Additionally, a spacious 30-foot by 40-foot block building graces the property, complete with electricity and a half bath. This versatile space is perfect for a workshop, storage, or could be adapted to suit a variety of entrepreneurial activities. The thoughtful layout emphasizes privacy and accessibility, with ample space between homes to ensure a comfortable living environment. Surrounded by the tranquil beauty of the area, residents enjoy a serene lifestyle while remaining connected to essential services and community features. This property is not just a purchase; it's a strategic investment in a stable and proven income generator. With all units currently occupied and in good standing, you can start benefiting from your investment immediately. Do not miss out on this chance; schedule your private showing today to see the potential and promise that awaits at this multi-family dwelling. Unlock the door to a valuable addition to your investment portfolio.
Status Change Info
Status Change Date: 2023-09-20
Property Features
Property Sub-Type: Other
Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land
Floors: Other
Tenant Expenses: Tenant Pays All Util
Owner Expenses: Exterior Maintenance; Insurance; Taxes; Other
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Other
Roof: Metal
Garage/Parking: Off-Street Parking
Exterior Features: Fenced - Yard; Porch - Covered
Other Rooms: Mstr Bdrm Main Level
New Financing: Cash; Conventional
Showing: See Agent Instructns
Confirmation of Agency 
Listing Office: Award Realty
Office Phone: 423-476-3205
Last Updated: July - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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