2531 County Line Road, Mooresburg, TN 37811

$100,000
Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 1,050 Lot Size (sq. ft.): 20,473 Status: Closed
Current Price: $100,000 List Date: 1/24/2024 Last Modified: 8/28/2024

Overview

Description

Discover a unique investment opportunity with this charming property featuring two tiny homes nestled on 0.47 acres in the serene Mooresburg community. Located in the picturesque Grainger County side, these homes offer a perfect blend of tranquility and convenience. Built in 2004, each of the 525 sq ft cabins exudes coziness and practical living. With one bedroom and one bath in each unit, they cater perfectly to small families or individuals seeking a comfortable, compact living space. Currently, one cabin is rented for $500 per month, demonstrating its potential as a steady income source, while the other awaits its new occupants or can be used as your personal retreat. Both homes are designed with efficiency in mind, featuring washer and dryer hookups that add to the convenience of living or renting. The cabins share a water tap and septic system, ensuring low maintenance and hassle-free living. Situated just minutes from the alluring Cherokee Lake, these homes provide quick ...

Listing Details MLS# 702430

General Property Information

Number Of Buildings
2
Number Of Units Total
2
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Above Grade Finished Area
1050
Building Area Total
1050
Year Built
2004
Carport YN
No
Association YN
No
View YN
No
Property Attached YN
No
Basement YN
No
Stories Total
Yes
Fireplace YN
No
Pool Private YN
No
Spa YN
No
List Price/SqFt
119.05
Sold Price/SqFt
95.24
Bathrooms Half
0
Below Grade Finished Area
0

Property Features

Appliances: Electric Oven; Electric Water Heater; Refrigerator Architectural Style: Traditional Construction Materials: Vinyl Siding Cooling: Wall/Window Unit(s) Electric: 220 Volts in Laundry Exterior Features: Private Entrance Fencing: None Flooring: Carpet Foundation Details: Block Heating: None Interior Features: Laminate Counters; Open Floorplan Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One Lock Box Information: Supra Lot Features: Level Other Structures: None Owner Pays: Water Possession: Close Of Escrow Property Condition: Fixer Road Frontage Type: County Road Road Surface Type: Asphalt Roof: Shingle Sewer: Septic Tank Showing Contact Type: Agent Structure Type: Cabin Tenant Pays: Electricity Window Features: Single Pane Windows Utilities: Cable Available; Electricity Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Original List Price
125000
Listing Contract Date
2024-01-24
Property Sub Type
Multi Family
Owner Name
Horne
Occupant Type
Tenant

Location Tax and Legal

Street Number
2531
Street Name
County Line
Street Suffix
Road
County
Grainger
State
TN
Postal Code
37811
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Discover a unique investment opportunity with this charming property featuring two tiny homes nestled on 0.47 acres in the serene Mooresburg community. Located in the picturesque Grainger County side, these homes offer a perfect blend of tranquility and convenience. Built in 2004, each of the 525 sq ft cabins exudes coziness and practical living. With one bedroom and one bath in each unit, they cater perfectly to small families or individuals seeking a comfortable, compact living space. Currently, one cabin is rented for $500 per month, demonstrating its potential as a steady income source, while the other awaits its new occupants or can be used as your personal retreat. Both homes are designed with efficiency in mind, featuring washer and dryer hookups that add to the convenience of living or renting. The cabins share a water tap and septic system, ensuring low maintenance and hassle-free living. Situated just minutes from the alluring Cherokee Lake, these homes provide quick access to a world of outdoor activities and scenic beauty. Whether you're an investor looking to expand your portfolio or someone in search of a delightful vacation getaway, this property is an ideal match. Notably, there are no HOA fees associated with this property, allowing for more freedom and fewer expenses. Renters are responsible for their utilities, ensuring a straightforward landlord experience. Offered at an attractive price of only $125,000, this property is not just a purchase but an investment in a lifestyle close to nature and lucrative rental possibilities. Embrace the opportunity to own a piece of Mooresburg's charm, either as a smart investment or a personal haven.
Directions
25E to right on Broadway. Turn right on County Line/Willis Rd. Left on County Line. Property will be on left.

Status Change Information

Major Change Timestamp
2024-03-15T19:38:41Z
Major Change Type
Status Change
Status Change Timestamp
2024-03-15
Under Contract Date
2024-02-02
Close Date
2024-03-15
Close Price
100000
Concessions
No
Buyer Financing
Conventional

More Information

Deed Book Details

Deed Book
236
Deed Page
802

Income and Expenses

Net Operating Income
12000

Unit Details

Number Of Units Leased
Yes
Number Of Units Vacant
Yes

Utilities Details

Electric Company
Appalachian
Water Company
Mooresburg

Unit 1

Monthly Rent
500
SqFt
525
Total Full Baths
Yes
Stove
Yes
Refrigerator
Yes
Washer Dryer Hookups
Yes

Unit 2

SqFt
525
Total Full Baths
Yes
Stove
Yes
Refrigerator
Yes
Washer Dryer Hookups
Yes
Monthly Rent
0

Location, Tax, and Legal

Tax Map Number
034
Postal Code +4
5663
Tax Annual Amount
537.4
Tax Year
2022
Tax Legal Description
.47 Ac
Parcel Number
034 03401 000

Appliances

Electric Oven
Yes
Electric Water Heater
Yes
Refrigerator
Yes

Architectural Style

Traditional
Yes

Construction Materials

Vinyl Siding
Yes

Cooling

Wall/Window Unit(s)
Yes

Electric

220 Volts in Laundry
Yes

Exterior Features

Private Entrance
Yes

Fencing

None
Yes

Flooring

Carpet
Yes

Foundation Details

Block
Yes

Heating

None
Yes

Interior Features

Laminate Counters
Yes
Open Floorplan
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

One
Yes

Lock Box Information

Supra
Yes

Lot Features

Level
Yes

Other Structures

None
Yes

Possession

Close Of Escrow
Yes

Property Condition

Fixer
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Sewer

Septic Tank
Yes

Showing Contact Type

Agent
Yes

Structure Type

Cabin
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Window Features

Single Pane Windows
Yes

Owner Pays

Water
Yes

Tenant Pays

Electricity
Yes

Showing Requirements

Call Listing Agent
Yes
IDX
Listing Office: RE/MAX Real Estate Ten Midtown
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.