473 Rockingham Rd Gray, TN 37615
Oak Grove NeighborhoodEstimated payment $2,863/month
Highlights
- Lake Front
- Fenced
- Heat Pump System
- Central Air
About This Home
Don't miss this exceptional chance to acquire prime investment properties bundled together in a highly desirable Johnson City location with deeded Boone Lake access. This unique offering includes multiple income-generating properties on a combined 1.15 acres of mostly flat, developable land. 473 Rockingham Rd: Renovated 3BR/2BA doublewide mobile home (1,620 sq ft) on 0.53 acres. Features new appliances, updated floors, and remodeled bathrooms. Currently rents for $1,650/month. 457, 459, 463, 465 Rockingham Rd: A 4-space mobile home park. Units at 457 & 459 are rented singlewides generating $425/month each. Lots at 463 & 465 are vacant and ready for additional homes or development. 136 Snyder Dr: Charming 744 sq ft home on 0.16 acres with lake access, currently rented for $850/month. All properties are adjacent and overlook scenic Boone Lake. A private dock could easily be added, enhancing recreational appeal and long-term value. With strong rental income, development potential, and lake views, this versatile property is perfect for investors, developers, or anyone seeking a unique multi-use asset. Consider building townhomes, apartments, vacation rentals, or even a lakeside campground. The possibilities are endless!
Listing Agent
Holston Realty, Inc Brokerage Phone: 4237938109 License #0225254770 Listed on: 09/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $773
Year Built
- Built in 1993
Lot Details
- Lake Front
- Fenced
Home Design
- Metal Roof
- Vinyl Siding
Interior Spaces
- 1,620 Sq Ft Home
- Crawl Space
- Oven or Range
- Laundry on main level
Schools
- Boones Creek Elementary School
- Boones Creek Middle School
- Daniel Boone High School
Utilities
- Central Air
- Heat Pump System
- Separate Meters
- Natural Gas Not Available
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Gross Income $38,400
- Net Operating Income $34,000
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 |
|---|---|---|---|---|
| 2025 | $773 | $45,225 | $10,475 | $34,750 |
| 2024 | $773 | $45,225 | $10,475 | $34,750 |
| 2022 | $427 | $19,850 | $7,475 | $12,375 |
| 2021 | $427 | $19,850 | $7,475 | $12,375 |
| 2020 | $427 | $19,850 | $7,475 | $12,375 |
| 2019 | $312 | $19,850 | $7,475 | $12,375 |
| 2018 | $312 | $13,100 | $7,475 | $5,625 |
| 2017 | $312 | $13,100 | $7,475 | $5,625 |
| 2016 | $312 | $13,100 | $7,475 | $5,625 |
| 2015 | $259 | $13,100 | $7,475 | $5,625 |
| 2014 | $259 | $13,100 | $7,475 | $5,625 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $539,000 | -- | $333 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Patriot Title Company | |
| Warranty Deed | $55,000 | Patriot Title Company | |
| Deed | $72,500 | -- | |
| Deed | -- | -- | |
| Deed | $15,000 | -- | |
| Warranty Deed | $19,000 | -- | |
| Warranty Deed | $15,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $420,000 | Future Advance Clause Open End Mortgage |
Source: Southwest Virginia Association of REALTORS®
MLS Number: 103429
APN: 013G-A-016.00
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Ask me questions while you tour the home.