2353 Highway 107
Unicoi, TN 37692
$499,000
Price
5
Beds
5
Baths
5,000 Sq. Ft.
$100 / Sq. Ft.
5,000
Sq. Ft.
$100
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Buyer can move into one of the units with a 30-day notice! Live in one unit and have two occupied rentals making income. Watch the video tour at https://vimeo.com/963738689 and see for yourself the potential of this property. $49,800 Gross Income/Yr. $35,700 Net Operating Income. 3-Unit 5,100 sq ft MF with Creekside RV Park Approved Plans for Future Income Stream. Situated on 1.9 acres of opportunity! With many possibilities, this property has been recently renovated with 3 constructed townhomes....Buyer can move into one of the units with a 30-day notice! Live in one unit and have two occupied rentals making income. Watch the video tour at https://vimeo.com/963738689 and see for yourself the potential of this property. $49,800 Gross Income/Yr. $35,700 Net Operating Income. 3-Unit 5,100 sq ft MF with Creekside RV Park Approved Plans for Future Income Stream. Situated on 1.9 acres of opportunity! With many possibilities, this property has been recently renovated with 3 constructed townhomes. (completed Jan 2024). The garage loft (Unit 1) rents for $1500/mo. 2400 sq ft multi-use space including 1 BR/1 BA, kitchen, dining, laundry set up (w/ washer/dryer), & HUGE upstairs loft room overlooking the open garage space housing 10' drive-thru garage doors, perfect for pulling in large vehicles. Has its own entrance. Two of the condos are 1,300 sq ft ea (2 BR/2 FULL BA). Lower level has 1 BR/1 BA, kitchen, LR. Upstairs has 1 BR/1 BA, LR, & office/loft, complete with high ceilings! Entry to these 2 condos is through main foyer adding extra security & direct access to a shared laundry room. Owner put $30k into the start of an RV Park, including clearing of trees & grade work for 7 spots (4 spots approved for septic, water, & electric & 3 more spots for water & electric only). 2nd septic tank already installed under ground in TDEC approved septic field for RV's (buyer will be responsible for completion of running water/electric to the spots and connecting to septic field). Separate water/electric meter installed for lots as well (building has its own meters for townhomes). On back of building, two 50 amp plugs can power 2 RVs currently. NETN average monthly RV rates are $250-$500 per month (all inclusive=water/sewer/cable) on gravel. NETN average nightly RV rates are $70-$90 per night (all inclusive) on gravel. Concrete pads get more. Electric/water without sewer get less. Conservative estimate is additional $15K/yr GI & $12K/yr NOI for monthly RV rentals when done.
- Listed by Ryan & Sarah McKinney • KW Johnson City
Property Details for 2353 Highway 107
Architectural Style
Barndominium
ViewWater, Mountain(s), Creek/Stream
Waterfront FeaturesRiver Front
WaterfrontYes
ZoningSee Tax Card
SubdivisionNot In Subdivision
LISTING UPDATED: 10/04/2024 08:23 AM
Property Details for 2353 Highway 107
| Status | Active |
|---|---|
| MLS # | 9967598 |
| Days on Market | 149 |
| Taxes | $3,956 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Multi Family |
| Year Built | 2020 |
| Lot Size | 1.88 AC / 81,892 SF |
| County | Unicoi County |
Virtual Tour
Building Information for 2353 Highway 107
Stories2Residences-Year Built2020Building Size-Lot Size1.88 AC / 81,892 SF
Property Information for 2353 Highway 107
Summary
Location and General Information
- City: Unicoi
- County: Unicoi
- Directions: On Interstate 26, Take exit 32 for State Hwy 173 toward Unicoi Rd. Turn onto State Hwy 173/Unicoi Rd. Turn right onto Unicoi Dr. Turn left onto TN-107 (Highway 107). Destination will be on the left.
- Latitude: 36.18
- Longitude: -82.27
- Postal Code: 37692
- State Or Province: TN
- General Property Description : Zoning: See Tax Card
Taxes and HOA Information
- Association: No
- Parcel Number: 019 014.11
- Association Fee: 0.0
- Location Tax Legal Info : Deed Book: 459
- Location Tax Legal Info : Deed Page: 401
- Location Tax Legal Info : City Taxes: $.00
- Location Tax Legal Info : County Taxes: $3,956.47
School Information
- High School: Unicoi Co
- Middle Or Junior School: Unicoi Co
- Elementary School: Unicoi
Parking
- Garage Spaces: 2.00
- Attached Garage: No
Property
Lot Information
- Lot Size Dimensions: See Acres
- Lot Size Square Feet: 81,892.80
- Lot Size Acres: 1.88
- Lot Features: Level, Cleared
- Lot Size Area: 1.88
- Lot Size Units: Acres
- Building Area Total: 5,000.00
- General Property Description : Acres: 1.88
Property and Assessments
- Property Condition: Above Average
- Property Type: Multi Family
- Year Built: 2020
- Property Sub Type: Multi Family
- Property Type Label: Multi Family
- New Construction: No
- Info Available : Aerial: Yes
- Showing Instructions : Sign: Yes
Utilities
- Utilities: Electricity Connected, Sewer Connected, Water Connected
- Sewer: Septic Tank
- Water Source: Public
Interior and Exterior Features
Interior Features
- Cooling: Ceiling Fan(s), Window Unit(s)
- Fireplace Features: Wood Burning Stove
- Foundation Details: Slab
- Interior Features: Entrance Foyer, Kitchen/Dining Combo, Laminate Counters
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Other Structures: Outbuilding, Shed(s), Storage
- Bathrooms Total Decimal: .00
- Flooring: Luxury Vinyl, Concrete
- Bathrooms Total Integer: 0
- Bathrooms Total Notational: .00
- Cooling: Yes
- Heating: Yes
- Levels: Two
- General Property Description : Stories: 2
- Fireplace: Yes
- Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
- Fireplace : Wood Burning Stove: Yes
- Other Rooms : Workshop: Yes
Exterior Features
- Construction Materials: Metal Siding
- Fencing: Back Yard, Pasture
- Parking Features: RV Access/Parking, Driveway, Circular Driveway, Gravel
- Patio And Porch Features: Front Porch, Rear Patio
- Roof: Metal
- Heating : Heat Pump: Baseboard, Wood Stove
- Other Structures : Outbuilding: Yes
- Other Structures : Storage: Yes
Multi Family
Multi-Family Information
- General Property Description : # of Units: 3.00
- General Property Description : Total Units: 3.00
Income & Expenses Information
- Income and Expenses : Gross Annual Income: 49800
Unit 1
- Unit 1 : # Units: 1
- Unit 1 : # Bathrooms: 1.0
- Unit 1 : # Bedrooms: 1
- Unit 1 : # Rooms: 5
- Unit 1 : SqFt: 2400
- Unit 1 : Monthly Rent: 1500
Unit 2
- Unit 2 : # Units: 1
- Unit 2 : # Rooms: 8
- Unit 2 : # Bedrooms: 2
- Unit 2 : # Bathrooms: 2.00
- Unit 2 : SqFt: 1300
- Unit 2 : Monthly Rent: 1350
Unit 3
- Unit 3 : # Units: 1
- Unit 3 : # Rooms: 8
- Unit 3 : # Bedrooms: 2
- Unit 3 : # Bathrooms: 2.0
- Unit 3 : SqFt: 1300
- Unit 3 : Monthly Rent: 1300
Property History for 2353 Highway 107
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2353 Highway 107
Taxable ValueLand$12,920Additions$138,640Total$151,560
Home Facts
Total Finished SqFt5,100 SqFtAbove Grade Finished SqFt5,100 SqFtStories2Lot Size81,893 SqFtStyleMulti-Family Res (5+ Units)Year Built2020CountyUNICOIAPN086019 01411
Schools near 2353 Highway 107
This home is within Unicoi County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 4 to 5 |
Rating | School | Distance |
|---|---|---|
Unicoi Elementary School PublicPK to 5 | ||
Unicoi Co Middle School Public6 to 8 | ||
Unicoi County High School Public9 to 12 | ||
Unicoi County Intermediate School Public4 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of KW Johnson City, Ryan & Sarah McKinney (423.773.1607)
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/04/2024 08:23 AM