1418 Mae Collins Rd Morristown, TN 37813
Estimated payment $2,801/month
Highlights
- No HOA
- 1-Story Property
- Heating Available
- Window Unit Cooling System
About This Home
An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase.
Home Details:
2 bedrooms, 1 bathroom
Approximate size: 14x40 (buyer should confirm exact dimensions)
Some units have washer/dryer hookups
Window heat/air units
Rental Income:
Current rent per home: $725/month
Total current rent for 7 homes: $5,075/month
Utility Information:
Property owner covers water for all homes
Tenants pay for individual electric service
Each of the 11 spaces has electric and septic hookups available
Additional Details:
1 home is undergoing a remodel, offering the potential for increased rent
Significant upside potential for development of the remaining 4 lots
This property is a promising investment with consistent rental income and the opportunity to add value through future development.
IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $45
Lot Details
- 1.7 Acre Lot
- Property is in average condition
Home Design
- Vinyl Siding
Interior Spaces
- 560 Sq Ft Home
- 1-Story Property
Schools
- Lincoln Elementary School
- Lincoln Heights Middle School
- Morristown West High School
Utilities
- Window Unit Cooling System
- Heating Available
- Septic Tank
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 049d B 010.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $45 | $2,300 | $2,300 | -- |
| 2023 | $45 | $2,300 | $0 | $0 |
| 2022 | $45 | $2,300 | $2,300 | $0 |
| 2021 | $45 | $2,300 | $2,300 | $0 |
| 2020 | $45 | $2,300 | $2,300 | $0 |
| 2019 | $38 | $1,775 | $1,775 | $0 |
| 2018 | $38 | $1,775 | $1,775 | $0 |
| 2017 | $38 | $1,775 | $1,775 | $0 |
| 2016 | $66 | $3,325 | $1,775 | $1,550 |
| 2015 | $62 | $3,325 | $1,775 | $1,550 |
| 2014 | -- | $3,325 | $1,775 | $1,550 |
| 2013 | -- | $3,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | For Sale | $525,000 | 0.0% | $938 / Sq Ft |
| 04/19/2025 04/19/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | Price Changed | $525,000 | 0.0% | $938 / Sq Ft |
| 01/24/2025 01/24/25 | Price Changed | $525,000 | -4.5% | $938 / Sq Ft |
| 01/02/2025 01/02/25 | For Sale | $550,000 | 0.0% | $982 / Sq Ft |
| 12/27/2024 12/27/24 | For Sale | $550,000 | -- | $982 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $9,000 | -- | |
| Warranty Deed | $9,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $315,000 | New Conventional |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9974614
APN: 049D-B-010.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited
Listing information is deemed reliable, but not guaranteed.
- 453 Statem Gap Rd
- 2895 Coffey Rd
- Darwin Plan at Southwood
- Robie Plan at Southwood
- Elston Plan at Southwood
- Belhaven Plan at Southwood
- Penwell Plan at Southwood
- Cali Plan at Southwood
- 1049 Greenway Dr
- 203 Lincoln Ave
- 305-365 Barkley Landing Dr
- 1372 E Jackson Cir
- 3530 Sublett Rd
- 1500 S Davy Crockett Pkwy
- 1305 Urban Dr
- 1621 S Cumberland St
- 323 Pauline Ave
- 236 Sequoyah Dr
- 3780 Sublett Rd
- 616 Rosedale Ave
- 450 Barkley Landing Dr Unit 205-10
- 270 Keswick Dr
- 1332 W Andrew Johnson Hwy
- 133 Guzman Ct
- 2749 River Rock Dr
- 892 Fletcher Rd
- 5055 Cottonseed Way
- 2215 Buffalo Trail
- 711 Panther Creek Ct Unit 715 Panther Creek Ct
- 3166 Bridgewater Blvd
- 2862 Scenic Lake Cir
- 1120 Hoppers Bluff
- 418-420 Cir H Dr Unit 420
- 2103 Creekside Way
- 930-940 E Ellis St
- 1246 Jessica Loop Unit 3
- 814 W King St
- 1208 Gay St Unit C
- 573 Banjo Way
- 571 Jessica Way