2353 Highway 107, Unicoi, TENNESSEE

$599,000

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5,000

Square feet

1.88

Acres

About 2353 Highway 107

Buyer can move into one of the units with a 30-day notice!! Live in one unit and have two occupied rentals making income. Watch the video tour at https://vimeo.com/963738689 and see for yourself the potential of this property. $49,800 Gross Income/Yr. $35,700 Net Operating Income. 3-Unit 5,100 sq ft MF with Creekside RV Park Approved Plans for Future Income Stream. Situated on 1.9 acres of opportunity! With many possibilities, this property has been recently renovated with 3 constructed townhomes. (completed Jan 2024). The garage loft (Unit 1) rents for $1500/mo. 2400 sq ft multi-use space including 1 BR/1 BA, kitchen, dining, laundry set up (w/ washer/dryer), & HUGE upstairs loft room overlooking the open garage space housing 10' drive-thru garage doors, perfect for pulling in large vehicles. Has its own entrance. Two of the condos are 1,300 sq ft ea (2 BR/2 FULL BA). Lower level has 1 BR/1 BA, kitchen, LR. Upstairs has 1 BR/1 BA, LR, & office/loft, complete with high ceilings! Entry to these 2 condos is through main foyer adding extra security & direct access to a shared laundry room. Owner put $30k into the start of an RV Park, including clearing of trees & grade work for 7 spots (4 spots approved for septic, water, & electric & 3 more spots for water & electric only). 2nd septic tank already installed under ground in TDEC approved septic field for RV's (buyer will be responsible for completion of running water/electric to the spots and connecting to septic field). Separate water/electric meter installed for lots as well (building has its own meters for townhomes). On back of building, two 50 amp plugs can power 2 RVs currently. NETN average monthly RV rates are $250-$500 per month (all inclusive=water/sewer/cable) on gravel. NETN average nightly RV rates are $70-$90 per night (all inclusive) on gravel. Concrete pads get more. Electric/water without sewer get less. Conservative estimate is additional $15K/yr GI & $12K/yr NOI for monthly RV rentals when done.

Features of 2353 Highway 107

MLS® # 9967598
Price $599,000
Bathrooms 0.00
Square Footage 5,000
Acres 1.88
Year Built 2020
Type Multi Family
Sub-Type Multi Family
Style Barndominium
Status Active

Community Information

Address 2353 Highway 107
Subdivision Not In Subdivision
City Unicoi
County Unicoi
State TENNESSEE
Zip Code 37692

Amenities

Utilities Electricity Connected, Sewer Connected, Water Connected
# of Garages 2
Garages RV Access/Parking, Driveway, Circular Driveway, Gravel
View Water, Mountain(s), Creek/Stream
Is Waterfront Yes
Waterfront River Front

Interior

Interior Features Entrance Foyer, Kitchen/Dining Combo, Laminate Counters
Appliances Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Heating Baseboard, Wood Stove
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace Yes
Fireplaces Wood Burning Stove
# of Stories 2
Stories Two

Exterior

Exterior Metal Siding
Lot Description Cleared,Level2
Roof Metal
Foundation Slab

School Information

Elementary Unicoi
Middle Unicoi Co
High Unicoi Co

Additional Information

Date Listed June 22nd, 2024
Days on Market 236
Zoning See Tax Card
Foreclosure No
Short Sale No

Listing Details

OfficeKW Johnson City

Listing Map

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