2465 Niles Ferry Rd, Madisonville, TN 37354
- $130,000
- 2
- BD
- 1
- BA
- 678
- SqFt
- Sold Price
- $130,000
- List Price
- $164,900
- Closing Date
- Jul 10, 2026
- MLS#
- 1336638
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Madisonville
- County
- Monroe
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 678
- Year Built
- 1996
Property Description
Investment Opportunity - Income-Producing Property with Expansion Potential! Don't miss this excellent investment opportunity featuring a single wide manufactured home with a tenant already in place, generating $850/month in rental income. The current lease is secured through January 31, 2027, providing immediate and consistent cash flow for the new owner. Lease must be honored. Situated on a versatile property, this offering includes additional space ready for expansion: A separate lot directly behind the home is already prepped for another single wide home. An additional camper/RV spot is complete with water hookup (septic not currently installed) Whether you're looking to grow your rental portfolio or create a multi-unit income property, this setup offers incredible upside potential with minimal upfront work needed.
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Additional Information
- Acres
- 1.75
- Appliances
- None
- Construction
- Other
- Cooling
- Central Air
- Floors
- Other
- Garage
- Main Level, Off Street
- Living Area
- 678
- Year Built
- 1996
Mortgage Calculator
Agent: Michael Cansler |
Office: Silver Key Realty |
Selling Office: .