362/376 Oak Grove Rd Madisonville, TN $ 795,000
362/376 Oak Grove Rd
$ 795,000
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362/376 Oak Grove Rd

Madisonville, TN, 37354
$ 795,000
Baths0.0 Sq 1,200

Monthly Estimate*

$ 5,284

362/376 Oak Grove Rd, Madisonville, TN 37354 - Image 1
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Studio

Pending for sale in Madisonville, TN

for $795,000. This 1,200 square foot home was built in 1980.

Amazing opportunity to add value to this park. Current income at 9975.00 per month. 5 properties that are not habitable, can be renovated, or pulled out and replaced. Great tenants, no drugs, no theft. Everyone currently pays on time, in cash. All the straight rentals have been remodeled, with either thru the window heat and air units, or mini split systems. Newer appliances, roofs repaired. Singlewides do not age well, but I promise the inside of these units are clean, and up to par. This park was mismanaged by an unlicensed property manager, but is now under good management. Many of the RTO could be flipped to a straight rental. The adjoining could could be developed, and the little garage/efficiency apt could be rented after being fixed up. 174 2/2 lease 700-900, 311 3/3 Owned 300.00-500.00, 199 2/2 Owned 300-500.00

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Pending Pending

Price

$ 795,000

Bedrooms

Studio

Property Type

Pending

Taxes

$ 0

Style

Year Built

1980

Town/City

Madisonville

County/Region

Monroe

MLS | Web ID

1264852

Features
General
Heating Heat Pump Central Other Electric
Cooling Attic Fan Central Cooling
Exterior Features Deck
Construction Materials Aluminum Siding Frame
Year Built 1980
Gross Income 120000.0
County Monroe County - 33
Operating Expense 1800.0
Property Type Multi-Family
Attached Garage N
Subdivision Name Hunters Cove
Garage Y/N N
Status Pending - Continue to Show - Inspection
Directions Exit 60 (Sweetwater) go south on 68 take left onto 411 take left on Wayman turn left onto Oak Grove Driveway is to left of Northside Church.
City Madisonville
Buyer Agent Compensation 2.4000
View Y/N N
NumberOfUnitsTotal 22
MLS Area Monroe County - 33
Lot Size Square Feet 0.0
Carport Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Monroe County - 33
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Pending
Buyer Agent Compensation Type %
Senior Community None
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Interior
Flooring Vinyl Other
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Off-Street Parking
Lot Size Area 0.0
Spa N
Building Area Total 1200.0
Lot Dimensions 13.77
Lot Size Acres 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 362376
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* Excluded Features
List By
Diane N. Tomek

Listing Agent

Genesis Realty & Property Management, Llc

Broker

Affordability Calculator

$5,284
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,284
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2024$795,000 Listed Price

Map


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362/376 Oak Grove Rd, Madisonville, TN, 37354 is a Pending for sale at $795,000 with 1,200 sqft. 362/376 Oak Grove Rd is a studio with 0.0 baths and was built in 1980. The property's zip code is 37354 which is in Madisonville, TN