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Listed by Brent Campbell • Blackwell Realty and Auction
$ 299,000
Est. payment /mo
Active
434 N Pine Street Whitwell, TN 37397
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $74
MLS Listing ID 3134530
HOA Y/N No
Year Built 1996
Annual Tax Amount $351
Lot Dimensions 176X200.7X176X208.7
Property Description
This 5-unit trailer park presents a strong value-add investment opportunity with significant upside potential. Currently, four units are occupied and generating $3,100 per month in gross income ($37,200 annually), while one unit is vacant and ready for renovation and lease-up. Market rents for similar units are approximately $850 per month, bringing the stabilized gross income potential to $4,250 per month, or $51,000 annually. Each unit has a separate electric meter, with tenants responsible for their own electricity. Water is on a single master meter and paid by the landlord, averaging approximately $180 per month. Additional operating expenses run about $350 per month. This property offers a clear path to increased cash flow through renovating the vacant units and adjusting rents to market levels. Drive-by viewings are welcome; however, please do not disturb current tenants. The seller will also provide vendor and service contacts to ensure a smooth transition for the new owner.
SQFT total is total combined estimate of all 5 units. Exact age of the homes are unknown but site pads were built in 1996 according to records.
Buyer/agent to verify any information they deem important. Property does require flood insurance.
SQFT total is total combined estimate of all 5 units. Exact age of the homes are unknown but site pads were built in 1996 according to records.
Buyer/agent to verify any information they deem important. Property does require flood insurance.
Location
State TN
County Marion County
Interior
Heating Electric
Cooling Electric
Flooring Other
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Whitwell Elementary
Middle Schools Whitwell Middle School
High Schools Whitwell High School
Others
Senior Community false
Special Listing Condition Standard
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