Address
114 Victory Lane Elizabethton, TN
Price
$ 494,900
Property Attributes
  • MLS#9911863
  • TypeContingent
  • CountyCARTER
  • CityElizabethton
  • Zip37643
  • Style1.5 Story,Chalet
  • Year Built1990
  • Taxes2410
  • Price$ 494,900
  • Bedrooms13
  • Full Bathrooms13
  • Half Bathrooms0
  • Lot Size17.21 Acres
Listing Provided Courtesy Of:
RUSS SWANAY REAL ESTATE COMPAN
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.

Elementary School Middle School High School
Keenburg Elementary School Keenburg Middle School Elizabethton High School
Price History
8/18/2020 Listed $494,900

General Features

Appliances Dishwasher, Range, Refrigerator
Construction Manufactured, Site Built
Financing Cash, Conventional
Flooring Concrete, Hardwood, Laminate
Heating Forced Air, Propane
Number of Buildings 2
Number of Units 11.00
Property Condition Above Average
Property SubType Multi-Family
Property Type D
Roof Architect Shingle
Sewer Septic Tank
Utilities Cable Available
Water Public
Zoning Multi-Family

Interior Features

Basement Block, Exterior Entry, Garage Door, Interior Entry
Laundry Features Electric Dryer Hookup, Washer Hookup
Total Units 13
Walls Drywall, Paneling
Window Features Insulated Windows

Exterior Features

Exterior Finish T111
Foundation Block
Garage: Carport Spaces 6
Garage: Garage Spaces 2
Lot Dimensions Irregular
Other Structures Outbuilding
Parking Features Asphalt
Porch/patio/deck Deck, Wrap Around
Topography/lot Description Mountainous, Part Wooded, Rolling Slope

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 37643

Price
AVG $200K
$490K
Taxes
AVG $887
$2,410
Visits
AVG 14
26
Year Built
AVG 1972
1990

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