Your own Compound!

Multi-Family for Sale
Catylist Listing ID: 30754847
Property Subtypes: Mixed Use, Mobile Home Park, Other
Number of Units: 17 Units
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 31.53 Acres
Sale Price: $1,000,000
Unit Price: $58,823.53 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Hills Road
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Generational estate offered for the first time ever! POTENTIAL!!! Lovely country setting with 6 acre lake for fishing and kayaking. Could be phased into an RV park, add more mobile home space rentals, or add your own new homes. Many options to EXPAND AND INCREASE YOUR REVENUE! Currently 16 VACANT mobile home spaces/pads ready for your next decision! Stop right now and grab this money making machine!
Property comprised of : 1-Rental House $1000/month value (currently occupied by family member) , 4 rental houses $500/ea, 12 trailers $450/ea, 3 rented spaces $160 ea, 16 vacant spaces. Two metal sheds on Proeprty to not convey.
Property being sold AS IS only. No repairs, replacements or further negotiations following buyer inspections. (home owners on HIlls Road will given access easement to Hills Lake.)**ALSO OFFERED WITH 245 AND 305 HILLS $2,000,000

Additional Details

Nearest MSA: Dayton
County: Rhea
Taxing Authority: Rhea County
Tax ID/APN: 07207603900
Zoning: NONE
Percent Occupied: 100%
Property Located Between: Chattanooga and Knoxville
Highway Access: Hwy 27 within 3 miles
Airports: MARK ANTON AIRPORT
Site Description: Lovely country views, within 3 minutes to industrial park
Area Description: Country setting, up and coming Dayton area
Total Number of Buildings: 17
Property Condition: Average
Number of Stories: 1
Construction/Siding: Aluminum Siding, Brick, Wood Frame
Exterior Description: Various featuring 12 mobile homes, 5 stick built homes, and expansion room on 31.53 acres
Laundry: In Each Unit
Fuel: Gas, Electric
Internet Access: Cable
Zoning Description: NO zoning in county
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Easements Description: Hills Lake access shall be given to each home owner on Hills Road (4) for private recreational use.
Land Ownership: fee simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,018 17,486
Median Age: 32.8 36.03
Households: 2,541 6,537

Contact

Photograph of Listing Agent

Teresa D Congioloso

Charlotte Mabry Team Greater Chattanooga REALTORS® Member
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