Madisonville, TN 37354 · Monroe County
56 days on market · MLS# 1336638
Home Facts
2
Beds
1
Baths
678
Sqft
1.75 ac
Lot
About This Property
Investment Opportunity - Income-Producing Property with Expansion Potential! 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.
Property Details
Construction
other
Heating
central, electric
Cooling
central air
Flooring
other
Appliances
none
Patio / Porch
porch - covered
Parking
main level, off street
Sewer
septic tank
Water
public
Market Snapshot
30-Yr Fixed Rate
6.47%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$831
20% down · 30-yr fixed · principal & interest only
Location
2465 Niles Ferry Rd, Madisonville, TN 37354
Madisonville, TN 37354
35.55427, -84.26320
$243 per sqft
Schools
School information isn’t available for this listing right now.
Walkability
0
Walk
Almost All Errands Require a Car
—
Transit
N/A
6
Bike
Minimal Biking Infrastructure