Multifamily Property For Sale - Lakeside MHP

485 Doc Smith Road, Spring City, TN, 37381

 
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Lakeside MHP

 

485 Doc Smith Road

Spring City, Tennessee 37381
County: Rhea
 
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  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:24
Lot Size:4.00 Acres
Price:$699,000
Price/Space:$29,125
Date Last
Verified:
1/8/2009
Property ID:15791850
 
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 Additional Information 

Property Description:
WATERFRONT - 4 BEAUTIFUL ACRES ON WATTS BAR LAKE with 19 park owned homes which are all in excellent condition. The owner has spent $200K in the past year to rehab this entire property. From the grounds, paving the roads, lighting and more. Also rehabbed were all the homes in the park, from the insides to the outsides.

Room for expansion plus 5 vacant lots for duplexes or cabins. Ideal for the buyer who wants a good looking park in a great area, with the work already done.

This investment is an ideal getaway for you and your family to have a vacation home, a great family compound, or perfect for retirement.

Location Description:
Only a 10 minute ride by boat from this Lakefront park to the Tennessee River.

WITH LOTS ON THE LAKE SELLING FOR $450K and the TVA Power Plant building a new Reactor only 5 miles away, this is the perfect area to own charming rental housing and the closest existing Mobile Home Park to the Power plant.

Commission Split:3%
7/8/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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