Seller Financing
Address
369 Garrison Hollow Road Elizabethton, TN
Price
$ 349,900
Property Attributes
  • MLS#393363
  • TypeMulti-Family
  • CountyCARTER
  • CityElizabethton
  • AreaCarter County
  • Zip37643
  • StyleMobile Home Park
  • Price$ 349,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3.42 Acres
Listing Provided Courtesy Of:
RUSS SWANAY REAL ESTATE COMPAN
Property Description

OWNER WILL FINANCE ON A LAND CONTRACT! IMMEDIATE CASH FLOW INVESTMENT PROPERTY! BUYER TO PAY $25,000 DOWN AT CLOSING. SELLER WILL FINANCE BALANCE OF $25,000 FOR 15 YEARS, 6% INTEREST, PRINCIPLE AND INTEREST PAYMENT OF $2,734 PER MONTH. SELLER WILL EXECUTE WARRANTY DEED WHEN LOAN BALANCE HAS BEEN REDUCED BY $50,000. Well established mobile home park, located in the Valley Forge/Siam Community, with all mobile homes included with the sale. There are 4 double wide mobile homes and 5 single wide mobile homes included in the sale. THIS IS A MONEY MAKING PROJECT, with tenants paying a total of $4,110 per month in rent, and each unit individually metered for electricity and water, meaning no utility costs for the owner. ATTRACTIVE OWNER FINANCING AVAILABLE! Seller will finance the sale with $50,000 down from buyer, balance at 6% interest for 12 years. Monthly payment of $2,927. This investment property can be purchased, financed by the seller, and will generate instant profit for the buyer. In addition, there is one vacant lot within the Park with septic and water in place. Opportunity for buyer to install a 10th unit for additional income, or rent the lot to a tenant with their own home, also increasing the income. Current rents are as follows: 4 Double wide homes at $525 per month, 5 Single wide homes at $385, $375, $475, $400 and $495. This is a long established mobile home park which includes all existing mobile homes with an excellent rental history. Paved entrance road and parking places for all homes. EXCELLENT OPPORTUNITY FOR INVESTORS! 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
6/19/2017 Listed $349,900

General Features

Air Central, Heat Pump, Wall Unit
Expenses Include Taxes Real Estate
Foreclosure Y/n No
MLS Area Carter County
Multifamily Property Type Other
Property Type Multi-Family
Section 050
Stories 1
Style Mobile Home Park
Year Built 1984
Zoning Residential

Interior Features

Interior Features Cable Available
Units 9

Exterior Features

Buildings Total 9
Exterior Features Driveway-Asphalt
Exterior Finish Vinyl
Lot Dimensions Irregular
Lot Size Area 3.42
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
$350K
Visits
AVG 8
12
Year Built
AVG 1981
1984

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