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27589690
27589692

2353 TN-107, Unicoi, TN 37692 For Sale

JS
TN 334295
Wallace Residential
Listed by Wallace Residential
$625,000
283 days on market
Updated 7 days ago

Tri-plex with land approved for 7 RV Lots

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,800
Net Rentable (SqFt) 4,800
Units 3
Occupancy 100%
Price per SqFt $130
Year Built 2020
Buildings 1
Stories 2
Acreage 1.900
Investment Type Owner/User
Ownership Owner of Record

Multifamily | 3 Units

Marketing description

For Sale: 2353 Highway 107, Unicoi, TN 37692 Fully Rented Triplex + Micro RV/Tiny Home Park Opportunity on the River! Welcome to 2353 Highway 107, a dream investment property offering endless opportunity in the scenic Limestone Cove area of Unicoi, TN. Nestled on 1.9 acres along the North Indian Creek River, this property combines modern renovations, multiple income streams, and future expansion potential. This impressive 5,000 sq. ft. building has been completely reimagined with over $100,000 in renovations and includes three beautifully finished townhomes (completed January 2024). The property is fully rented, providing immediate income for a new owner. Two townhomes are approximately 1,200 sq. ft. each, featuring 2 bedrooms, 2 full bathrooms, and a flexible office/bonus room. Both are currently rented for $1,350/month each. The expansive 2,400 sq. ft. garage loft offers multi-use potential — currently rented for $1,500/month — featuring 1 bedroom, a spacious loft room, kitchen, dining area, laundry setup, and 12' garage doors perfect for large vehicles or event use. Beyond the building, this property offers incredible development potential with a partially completed Micro RV/Tiny Home Park. $30,000 in groundwork and site prep already completed 7 total lots near the river 4 lots approved for septic, water, and electric 3 additional lots approved for water and electric only Clearing and grading complete with utilities ready for final connection Additional features include: Over 109 ft of road frontage on Highway 107 Fenced side yard Outdoor shed for additional storage Shared laundry center for tenants and guests in main building. Unit 3 has their own laundry. With flexible zoning and a unique combination of riverfront access, full occupancy, rental income, and expansion potential, this property is ideal for investors, developers, or entrepreneurs. Whether you envision continuing the development into a Micro RV/Tiny Home Park, operating short-term rentals, or creating a venue or retreat space, the possibilities are endless. This income-producing, fully rented riverfront property is ready for its next owner — schedule your showing today!

Agent Instructions: Contact list agent with all questions. Do not approach tenants. You must make an appointment. 24 hour's notice. Call for Showing: 888-808-0331

Investment highlights

Unit 1=1 bed/1bath 2400 SF Rent Range $1500

Unit 2=2 bed/2 bath 1200 SF Rent Range $1350

Unit 3=2 bed/2 bath 1200 SF Rent Range $1300

Listing Contacts

JS
TN 334295
Wallace Residential
Listed by Wallace Residential

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Additional Information

Name
Brittany Hawkins
License
360855
Brokerage
Wallace
Brokerage Phone
423-270-9572
Title
Broker of Record
Brokerage Address
140 Major Reynolds Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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