2465 Niles Ferry Rd Madisonville, TN 37354
2 Beds
1 Bath
678 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 678 sqft
Price per Sqft $243
MLS Listing ID 1336638
Style Single Wide
Bedrooms 2
Full Baths 1
Year Built 1996
Lot Size 1.750 Acres
Acres 1.75
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
Don't miss this excellent investment opportunity featuring a single wide manufactured home with a tenant already in place, generating $850/month in rental income. The current lease is secured through January 31, 2027, providing immediate and consistent cash flow for the new owner. Lease must be honored.
Situated on a versatile property, this offering includes additional space ready for expansion:
A separate lot directly behind the home is already prepped for another single wide home.
An additional camper/RV spot is complete with water hookup (septic not currently installed)
Whether you're looking to grow your rental portfolio or create a multi-unit income property, this setup offers incredible upside potential with minimal upfront work needed.
Location
State TN
County Monroe County - 33
Area 1.75
Rooms
Basement Crawl Space
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Other
Fireplaces Type None
Fireplace No
Appliance None
Heat Source Central, Electric
Exterior
Exterior Feature Porch - Covered
Parking Features Off-Street Parking, Main Level
Garage Description Main Level, Off-Street Parking
Garage No
Building
Lot Description Level
Faces from hwy 411 in Madisonville, turn onto Niles Ferry Rd. Home will be located on the left.
Sewer Septic Tank
Water Public
Structure Type Other
Others
Restrictions No
Tax ID 047 11207 000
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional