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1966&1972 King Springs Road, 
Johnson City, TN 37601

$325,000


Bed


Bath


2,228

Sq Ft


Multi-Family

Sold

Listed by

Stephen Nemeth

Bought with LPT Realty - Griffin Home Group

RE/MAX Preferred

423-282-1817

MLS#

9974855

Source:

TNVA MLS

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About This Home

1966&1972 King Springs Road

Small Trailer Park with Incredible Investment Potential - Discover a unique investment opportunity with this small trailer park located on over 1.5 acres of prime land. Situated at 1966 & 1972 King Springs Rd., this property is fully rented and generates a steady income, with exciting potential for expansion and additional revenue streams. Property Features: - Doublewide Mobile Home (1966 King Springs Rd.): - 3 bedrooms, 2 bathrooms - Currently rented for $1,400/month - Connected to public water & sewer - Singlewide Mobile Home #1 (1972 #1 King Springs Rd.): - 2 bedrooms, 2 bathrooms - Currently rented for $1,200/month - Singlewide Mobile Home #2 (1972 #2 King Springs Rd.): - 2 bedrooms, 1 bathroom - Currently rented for $1,000/month - RV on Property: - Currently rented for $500/month - Site-Built Home: - In need of renovation but offers excellent potential for conversion into a 1-bedroom, 1-bathroom rental unit. Income Potential: - Current Monthly Income: $4,100 - Future Potential Income: - Renovated home - Additional mobile home spots: Potential for 2-3 units Additional Highlights: - Public water access serves the entire property. - Public sewer connected to doublewide - Utilities (electric and water) are included in current rental rates. - Ample land for adding additional units, creating an expanded trailer park, or increasing rental income. This property offers an established income stream with the flexibility to grow even further. Whether you're a seasoned investor or just entering the rental market, this is a rare opportunity to own a fully occupied trailer park with high demand and untapped potential. Schedule your showing today to explore this incredible investment opportunity!Buyer/Buyer's Agent to verify all info.

Home Facts

Multi-Family

Built in 1991

Price Summary

350,000

$157 per Sq. Ft.

MLS #:

9974855

Sold:

February 20, 2025


Structure

Structure

Building Area:

2,228 Sq. Ft.

Year Built:

1991


Lot

Lot Size (Sq. Ft):

67,518


Finances & Disclosures

Finances

Price:

$350,000

Price per Sq. Ft:

$157 per Sq. Ft.

Source:TNVA MLS
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