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

Russ Swanay Real Estate

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369 Garrison Hollow Road, Elizabethton, TN 37643 $349,900

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!

Agent Information

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