434 N Pine Street, Whitwell, TN 37397
- $299,900
- 4,000
- SqFt
- List Price
- $299,900
- MLS#
- 3593993
- Days on Market
- 7
- Property Type
- Multifamily
- Sqft. of Residence
- 4,000
- County
- Marion County
- Status
- ACTIVE
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.
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Additional Information
- Construction Type
- Other
- Cooling System
- Electric
- Elementary School
- Whitwell Elementary
- Floor Types
- Other
- Heating System
- Electric
- High School
- Whitwell High School
- Junior High School
- Whitwell Middle School
- Living Area
- 4,000
- Lot Dimensions
- 176X200.7X176X208.7
- Number Of Stories
- 1
- Roofing Material
- Metal
- Sewer System
- Septic Tank
- Tax Amount
- $351
- Water Source
- Public
- Year Built
- 1996
- Type
- Multifamily
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Listing courtesy of Blackwell Realty and Auction.
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