TN
Hamblen
Morristown
37813
1418 Mae Collins Road
1418 Mae Collins Road, Morristown, TN 37813
Listing Type
Multi Family
Listing Status
active
12
$525,000

Home Details for 1418 Mae Collins Road

Price
$525,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
1.7
County
Hamblen
Garage
Days on site
72
MLS Listing#
9974614
Listing Courtesy: LPT Realty - Griffin Home Group - 423-482-0743
Property Description

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

Property Features
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Other
  • Water Features
    • Public
School Information
School Information for 1418 Mae Collins Road, Morristown, TN 37813
Elementary School
Lincoln
Middle School
Lincoln Heights
High School
Morristown West
. Presented by: Jim Griffin
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Tennessee Virginia Regional MLS. All Rights Reserved.
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EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
Office
423 806 0400
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