423.543-5741 | 112 S. Armed Forces Dr. Elizabethton, TN 37643

Russ Swanay Real Estate

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2004 State Line Road, Elizabethton, TN 37643 $
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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.

Agent Information

David Collins
David Collins
  • Office: 423-543-5741
  • Mobile: 423-335-3078
  • Fax: 423-543-5085