NOT LISTED FOR SALE

3885 Gainesville Rd Mason, TN 38049

34 Beds
-- Bath
10,000 Sq Ft
38 Acres

Last Sold February 14, 2020

Last sale price $355,000 $36 Per Sq Ft

120 Days on Market

Highlights

  • 38 Acre Lot
  • Mini Split Air Conditioners
  • Partially Carpeted
  • Paneling
  • Central Heating and Cooling System
  • Partially Fenced Property

About This Home

As of February 2020

Incredible investment opportunity with nearly 80k/year in gross rental income. Situated on 6 parcels totaling nearly 40 acres with 12 single wide mobile homes, potential for several more as well.

Last Agent to Sell the Property

Pamela Worley

Unique Properties License #316672 Listed on: 07/25/2019

Last Buyer's Agent

Mark Stauffer

Keller Williams Realty License #305260

Keller Williams Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 38 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence

Parking

  • Gravel Driveway

Home Design

  • Flat Roof Shape
  • Pitched Roof
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 10,000 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Sheet Rock Walls or Ceilings
  • Crawl Space
  • Free-Standing Range
  • Washer and Dryer Hookup

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Septic Tank

Community Details

  • 12 Units
  • Rural Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • 12 Month Lease Term
  • Month-to-Month Lease Term
  • Weekly Lease Term
  • Assessor Parcel Number 139 012.26 & 139 012.25 & 139 012.24 & 139 012.23 & 139 012.22 & 139 012.21

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Mobile Home Park
  • MLS Map #: 622D
  • MAAR Subdivision Name: Rural
  • Freestanding: Yes
  • List Price Per Sq Ft: 38
  • Number Of Stories: 1
  • Price Per Sq Ft: 9342.11
  • Estimated Sq Ft: 10000
  • Year Built: 1997
  • Construction: Aluminum/Steel Siding
  • List Price Per Unit: 31250
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet, Dry Wall, Paneled
  • Appliances Equipment: Range/Oven (Freestanding), Cooktop/Wall Oven

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Metal, Shingle/Shake, Pitched, Flat
  • Miscellaneous Exterior: Wood Fence, Chain Fence, Partically Fenced

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Hot Water: Electrical, Public Water, Septic Tank
  • Cooling Systems: Central, Electrial, 1 Window Unit per Unit, Individual Cooling, House Cooling
  • Heating Systems: Central, Gas, Electrical, Wall Heat, Space Heater
  • Laundry: Connections

Lot Info

  • Acreage: 38
  • Lot Size: 38 Acres +/-
  • Price Per Acre: 9868
  • Annual Land Lease Payment: 900

Rental Info

  • Actual Annual Rent: 78900
  • Tenant Pays: All Utilities
  • Type Of Leases: Weekly, Monthly, 6 Month, Year

Tax Info

  • Assessor Parcel Number: 139 012.26 & 139 012.25 & 139 012.24 & 139 012.23 & 139 012.22 & 139 012.21

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 12
  • Number2 Bedroom Units: 2
  • Number3 Bedroom Units: 10
  • Type of Unit: 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $355,000 -5.3% $36 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $375,000 -- $38 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pamela Worley

    Seller's Agent in 2020

    Pamela Worley

    Unique Properties

    (731) 413-0324

    157 Total Sales

    Pamela Worley
    Section Image
  • Mark Stauffer

    Buyer's Agent in 2020

    Mark Stauffer

    Keller Williams Realty

    (901) 644-0007

    62 Total Sales

    Mark Stauffer
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10058140

Memphis Area Association of REALTORS®
Tennessee Tipton County Mason 38049

3885 Gainesville Rd, Mason, TN

This home is located at 3885 Gainesville Rd, Mason, TN 38049 since 25 July 2019. This property was built in 1997. 3885 Gainesville Rd is a home located in Tipton County with nearby schools including Austin Peay Elementary School, Brighton Middle School, and Brighton High School.

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