5507 US Highway 411, Maryville, TN 37801

$1,200,000

Property Type: Multi-Family Square Footage: 9,186 Status: Closed

Current Price: $1,200,000 List Date: 7/14/2022 Last Modified: 10/18/2023

Overview

Description

Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.

Listing Details MLS# 1199200

Location Tax Legal Info

House #: 5507
Street Name: US Highway 411
State/Province: TN
Zip Code: 37801
PIN #: 100 006.00

Contract Info

Auction Y/N: No
Listing Price: 1500000

General Property Description

SqFt - Total (Aprox): 9186
Lot Dimensions: 780X460X317 IRR
Number of Units: 19
# Units Leased: 16
Utilities/Mo Avg: 363
Year Built: 1969
Property Status: N/A
Driveway: Paved
Lease Information: 16 Mobile Home Lots (9 mobile homes owned; 7 are lot rent only); duplex; efficiency apartment

Status Change Info

Status Change Date: 2022-08-29
Under Contract Date: 2022-07-19
Sold Date: 2022-08-26

More Information

Property Features

Property Sub-Type: Duplex; Other Type of Units: Efficiency Unit; 2 Bedroom Unit; 3 or more Bdrm Units; Other Sale Includes: Building and Land; Other Floors: Carpet; Laminate; Tile Tenant Expenses: Electricity; Telephone; Trash Collection Owner Expenses: Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Roof Maintenance; Supplies; Taxes; Water Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector Construction: Frame Roof: Metal; Shingle Siding: Aluminum Siding; Vinyl Misc Features: Washer/Dryer Connect Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level Miscellaneous: Balcony; Patio; TV Cable Available; Washer/Dryer Cnctns New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns

IDX

Listing Office: The Dwight Price Group Realty Executives Associates

Last Updated: October - 18 - 2023

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

5507 US Highway 411, Maryville, TN 37801 (MLS# 1199200)