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1418 Mae Collins Road
Morristown TN 37813 US

$550,000

Active Listing ID 9974614
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Lot: 1.70 Acres

$550,000

Active Listing ID 9974614
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1418 Mae Collins Road 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

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Property Features

  • Facts
  • Lot Size: 1.70 Acres
  • Property Type: Residential Multi Family
  • Features
  • Cooling System: Window Unit(s) A/C

School Information

  • School
  • Lincoln(Elementary)
  • Lincoln Heights(MiddleSchool)
  • Morristown West(HighSchool)

Property

  • propertytype: Residential Multi Family
  • listprice: 550000
  • unparsedaddress: 1418 Mae Collins Road
  • postalcity: Morristown
  • stateorprovince: TN
  • country: US
  • postalcode: 37813
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.7
  • lotsizeunits: Acres
  • lotsizearea: 1.7
  • livingarea: 560
  • livingareaunits: Square Feet
  • latitude: 36.181496
  • longitude: -83.30091
  • listagentfullname: Jim Griffin
  • listagentemail: jim@griffinhomegroup.com
  • listagentkey: 3yd-TVARMLS-2346
  • listagentmlsid: 2346
  • listagentpreferredphone: 4233020333
  • listagentofficephone: 4233020333
  • listofficekey: 3yd-TVARMLS-1168
  • listofficemlsid: 1168
  • disclaimer: Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • listingcontractdate: 2024-12-27
  • countyorparish: Hamblen
  • parcelnumber: 049d B 010.00
  • elementaryschool: Lincoln
  • highschool: Morristown West
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Vinyl Siding
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.30091, 36.181496
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"GRIFFIN HOME GROUP", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"info@griffinhomegroup.com", "ListBrokerageCity":"JOHNSON CITY", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jim@griffinhomegroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"GRIFFIN HOME GROUP", "ListBrokeragePhone":"423-302-0333", "ListBrokeragePostalCode":"37604", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"236 East Main Street", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"4718 Lake Park Drive", "ListOfficeAddress2":"Suite 2", "ListOfficeBrokerMlsId":"2346", "ListOfficeCity":"Johnson City", "ListOfficeCountry":"US", "ListOfficeEmail":"office@griffinhomegroup.com", "ListOfficePostalCode":"37615", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family - Morristown, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1418-Mae-Collins-Rd_Morristown_TN_37813_M80796-10623?f=listhub&s=TVARMLS&m=9974614&c=rexren", "MLSModificationTimestamp":"2024-12-27T12:50:30Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":0, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/1/2025 1:35:58 AM GMT
Source Updated Date: 1/2/2025 6:45:58 AM GMT

Courtesy of: Jim Griffin, LPT Realty - Griffin Home Group, jim@griffinhomegroup.com

Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.