1966&1972 King Springs RD new Save Request In-Person Tour Request Virtual Tour
Johnson City,TN 37601
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,228 sqft
Price per Sqft $157
MLS Listing ID 9974855
Style See Remarks
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1991
Lot Size 1.550 Acres
Acres 1.55
Lot Dimensions See Survey
Property Description
Small Trailer Park with Incredible Investment Potential -
Discover a unique investment opportunity with this small trailer park located on over 1.5 acres of prime land. Situated at 1966 & 1972 King Springs Rd., this property is fully rented and generates a steady income, with exciting potential for expansion and additional revenue streams.
Property Features:
- Doublewide Mobile Home (1966 King Springs Rd.):
- 3 bedrooms, 2 bathrooms
- Currently rented for $1,400/month
- Connected to public water & sewer
- Singlewide Mobile Home #1 (1972 #1 King Springs Rd.):
- 2 bedrooms, 2 bathrooms
- Currently rented for $1,200/month
- Singlewide Mobile Home #2 (1972 #2 King Springs Rd.):
- 2 bedrooms, 1 bathroom
- Currently rented for $1,000/month
- RV on Property:
- Currently rented for $500/month
- Site-Built Home:
- In need of renovation but offers excellent potential for conversion into a 1-bedroom, 1-bathroom rental unit.
Income Potential:
- Current Monthly Income: $4,100
- Future Potential Income:
- Renovated home
- Additional mobile home spots: Potential for 2-3 units
Additional Highlights:
- Public water access serves the entire property.
- Public sewer connected to doublewide
- Utilities (electric and water) are included in current rental rates.
- Ample land for adding additional units, creating an expanded trailer park, or increasing rental income.
This property offers an established income stream with the flexibility to grow even further. Whether you're a seasoned investor or just entering the rental market, this is a rare opportunity to own a fully occupied trailer park with high demand and untapped potential.
Schedule your showing today to explore this incredible investment opportunity!Buyer/Buyer's Agent to verify all info.
Location
State TN
County Carter
Area 1.55
Zoning Residential
Direction From Milligan Highway, turn on to King Springs Rd. See property on left.
Rooms
Other Rooms Outbuilding
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Luxury Vinyl,Carpet,Laminate
Appliance Dishwasher,Dryer,Electric Range,Refrigerator,Washer
Heat Source Heat Pump
Exterior
Parking Features RV Access/Parking,Driveway,Asphalt,Detached,Gravel,Parking Pad,Shared Driveway
Roof Type Metal
Porch Front Porch
Building
Lot Description Rolling Slope,Level
Entry Level One
Sewer Public Sewer,Septic Tank
Water Public
Architectural Style See Remarks
Structure Type Metal Siding,Vinyl Siding
New Construction No
Schools
Elementary Schools Central
Middle Schools Central
High Schools Happy Valley
Others
Senior Community No
Tax ID 047f C 016.02 & 047f C 016.03
Acceptable Financing Cash
Listing Terms Cash