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Property view

1014/1016 SE Ellis Drive, 
Cleveland, TN 37323

$295,000


2

Beds


1

Bath


6,048

Sq Ft


Single Family

Sold

Listed by

Marcia Botts

Award Realty

423-476-3205

MLS#

1379966

Source:

TN CAR

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About This Home

1014/1016 SE Ellis Drive

Discover a remarkable investment opportunity nestled on approximately 3.50 lush acres. This unique property boasts six mobile homes, each occupied by long-standing renters, ensuring a steady income stream right from the start. All homes are well-maintained, featuring central heating and air conditioning for year-round comfort, as well as durable metal roofs for added peace of mind. Each residence benefits from its own septic system, fostering a sense of independence and ease of management. Additionally, a spacious 30-foot by 40-foot block building graces the property, complete with electricity and a half bath. This versatile space is perfect for a workshop, storage, or could be adapted to suit a variety of entrepreneurial activities. The thoughtful layout emphasizes privacy and accessibility, with ample space between homes to ensure a comfortable living environment. Surrounded by the tranquil beauty of the area, residents enjoy a serene lifestyle while remaining connected to essential services and community features. This property is not just a purchase; it's a strategic investment in a stable and proven income generator. With all units currently occupied and in good standing, you can start benefiting from your investment immediately. Do not miss out on this chance; schedule your private showing today to see the potential and promise that awaits at this multi-family dwelling. Unlock the door to a valuable addition to your investment portfolio.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1980

Price Summary

349,900

$57 per Sq. Ft.

MLS #:

1379966

Sold:

November 8, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

6,048 Sq. Ft.


Structure

Structure

Architectural Style:

Manufactured/Mobile

Building Area:

6,048 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

152,460


Finances & Disclosures

Finances

Price:

$349,900

Price per Sq. Ft:

$57 per Sq. Ft.

Source:TN CAR
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