Seller Financing
Address
2004 State Line Road Elizabethton, TN
Price
$ 450,000
Property Attributes
  • MLS#392802
  • TypeMulti-Family
  • CountyCARTER
  • CityElizabethton
  • AreaCarter County
  • Zip37643
  • Style1 Story,Cottage,Dbl Wide
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.91 Acres
Listing Provided Courtesy Of:
RUSS SWANAY REAL ESTATE COMPAN
Property Description

OWNER WILL FINANCE ON A LAND CONTRACT! IMMEDIATE CASH FLOW PROPERTY! BUYER TO PAY $35,000 DOWN AT CLOSING. SELLER WILL FINANCE BALANCE OF $415,000 FOR 15 YEARS, 6% INTEREST. PRINCIPLE & INTEREST PAYMENT IS $3,502. SELLER WILL EXECUTE WARRANTY DEED WHEN LOAN BALANCE HAS BEEN REDUCED BY $50,000. IMMEDIATE CASH FLOW INVESTMENT PROPERTY. Three houses and seven double wide mobile homes. Houses rent for $600, $450 and $425 per month. Double wide mobile homes rent for $575 per month each. Total gross monthly income is $5,500. Each unit is separately metered for water and electricity, with tenants paying utility costs. Tenants mow each individual site. OWNER IS OFFERING ATTRACTIVE TERMS TO PURCHASE! $50,000 down, balance of $400,000 financed for 12 years at 6% interest. Total monthly payments of $3,903.40. Net profit of $1,596.60 per month for the smart investor. Property has very good rental history with minimal vacancy times. This property is a "Cash Cow" and would provide immediate net income upon purchase. All info. taken from Tax Records. Buyer/Buyer's Agent to verify all.

Elementary School Middle School High School
Valley Forge Elementary School Valley Forge Middle School Hampton High School
Price History
6/7/2017 Listed $450,000

General Features

Air Central, Heat Pump
Expenses Include Other See Remarks
Foreclosure Y/n No
MLS Area Carter County
Multifamily Property Type Other
Property Type Multi-Family
Section 049D
Stories 1
Style 1 Story, Cottage, Dbl Wide
Year Built 2007
Zoning Residential

Interior Features

Appliances Range-Electric, Range-Gas
Heating Electric, Heat Pump
Interior Features Cable Available
Units 10
Walls Drywall, Paneling, Plaster

Exterior Features

Basement/Foundation Crawl Space
Buildings Total 10
Exterior Features Driveway-Asphalt, Driveway-Gravel
Exterior Finish Vinyl, Wood
Garage 1 Car Carport Detached
Lot Description Level
Lot Dimensions Multiple parcels
Lot Size Area 2.91
Patio/Deck/Porch Deck, Porch
Roof Composition Shingle, Metal
Water and Sewer Sewer-Septic, Water-Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • 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 $240K
$450K
Visits
AVG 8
12
Year Built
AVG 1981
2007

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