362/376 Oak Grove Rd, Madisonville, TN 37354
- $765,000
- 1,200
- SqFt
- Sold Price
- $765,000
- List Price
- $795,000
- Closing Date
- Sep 30, 2024
- MLS#
- 1264852
- Status
- CLOSED
- Type
- Multifamily
- City
- Madisonville
- County
- Monroe
- Living Area
- 1,200
- Year Built
- 1980
- Subdivision
- Hunters Cove
Property Description
Amazing opportunity to add value to this park. Current income at 9975.00 per month. 5 properties that are not habitable, can be renovated, or pulled out and replaced. Great tenants, no drugs, no theft. Everyone currently pays on time, in cash. All the straight rentals have been remodeled, with either thru the window heat and air units, or mini split systems. Newer appliances, roofs repaired. Singlewides do not age well, but I promise the inside of these units are clean, and up to par. This park was mismanaged by an unlicensed property manager, but is now under good management. Many of the RTO could be flipped to a straight rental. The adjoining could could be developed, and the little garage/efficiency apt could be rented after being fixed up. 174 2/2 lease 700-900, 311 3/3 Owned 300.00-500.00, 199 2/2 Owned 300-500.00
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Additional Information
- Appliances
- Range
- Construction
- Aluminum Siding, Frame
- Cooling
- Attic Fan, Central Cooling
- Exterior Features
- Deck
- Floors
- Vinyl, Other
- Garage
- Off-Street Parking
- Living Area
- 1,200
- Lot Dimensions
- 13.77
- Year Built
- 1980
Mortgage Calculator
Agent: Diane N. Tomek |
Office: Genesis Realty & Property Management, LLC |
Selling Office: .