434 N Pine Street, Whitwell, TN 37397
434 N Pine Street, Whitwell, TN 37397
434 N Pine Street, Whitwell, TN 37397
434 N Pine Street, Whitwell, TN 37397
434 N Pine Street, Whitwell, TN 37397
434 N Pine Street, Whitwell, TN 37397
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Jeff Lucas

Jeff Lucas

+1(615) 207-5602
Listed by Brent Campbell • Blackwell Realty and Auction
$ 299,000
Est. payment | /mo

4,000 SqFt

Save
$ 299,000
Est. payment | /mo
Save

4,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $74

MLS Listing ID 3134530

HOA Y/N No

Year Built 1996

Annual Tax Amount $351

Lot Dimensions 176X200.7X176X208.7

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.

Location

State TN

County Marion County

Interior

Heating Electric

Cooling Electric

Flooring Other

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available

View Y/N false

Roof Type Metal

Private Pool false

Building

Story 1

Sewer Septic Tank

Water Public

Structure Type Other

New Construction false

Schools

Elementary Schools Whitwell Elementary

Middle Schools Whitwell Middle School

High Schools Whitwell High School

Others

Senior Community false

Special Listing Condition Standard

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Jeff Lucas

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(615) 207-5602

jeff@thelucasgrouptn.com

131 Saundersville Rd, Suite 130, Hendersonville, TN 37075, United States

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434 N Pine Street