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  1. For Sale
  2. Mixed Use
  3. TN
  4. Sparta
  5. 362 Saddlebrook Dr
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Map View

362 Saddlebrook Dr

Mixed Use | 0 SF

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Asking Price: $1,999,000
Earnest Money  Deposit: $25,000 min.
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362 Saddlebrook Dr, Sparta, TN 38583

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Date Added
Nov 6, 2023
Days on Market
534 days
Time Since Last Update
79 days

Details

Property TypeMixed Use
Investment TypeOwner/User
Investment Sub TypeMultifamily MHC
ClassA
Price/Sq Ft$1,036.46
Units132
Year Built2010
Stories1
ZoningMultiFamily Commercial
Lot Size (sq ft)121.6
Broker Co-OpYes
Price/Unit$15,075.76
Sale ConditionFor sale by owner
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Marketing Description

Saddlebrook Rver Estates is a Gated, Waterfront 121.6 Unrestricted, White Pickett Fenced Acre Mhc Manufactured, Multifamily Home Community.​

Price Incudes All 122 Unrestricted Acres as Well as the Developer Rights to the Community, Which Entitles New Owners to $299/monthly Community Fee Per the Covenants.​

Covenants Can Be Changed by New Owners as the Land is Unrestricted.​ It Simply Requires Writing New Covenants and Recording Them at the White County Courthouse.​

Phase I the River Club

Developed, Gated, Blacktop Pavement, Underground Utilities, Clubhouse With Pool

55 Total Homesites

23 Homesites Are Still Available, Shovel Ready

1 Waterfront Large Lot Included in Sale That Was Planned as a Waterfront Park for All Phase I Residents

Phase Ii

Undeveloped, Existing Site Plan Includes 77 Homesites, Rv Parking

70.5 Acres

Surrounded by River

Seperate Entrance


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Investment Highlights

  • ​Property Type: Multi Family Home
  • ​Sub Type: Mobile Home Park
  • ​Listing Status: Active
  • ​County/area: White County
  • ​Zip Code: 38583
  • ​Year Built: 1997
  • ​Lot Size: 126 Acres
  • ​132 Total Homesites
  • ​Gated, Waterfront
  • ​Price Includes Entire Development Complete With Developer Rights!
  • ​Proforma for Phase 1 Remaining Available Lots and Phase Ii Site Planned Lot Alone Total $3.9M
  • ​Sewer: Engineered Septic
  • ​Video: https://youtu.be/gDuYJ6ciHY0

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Distance Property Date Sold Sold Price Property Type City State
43.71 miles309 Wal-Mart Dr
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Mobile Home ParkSoddy-DaisyTN
45.56 miles9607 Barbee Rd
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Mobile Home ParkSoddy-DaisyTN
43.71 miles309 Wal-Mart Dr
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Mobile Home ParkSoddy-DaisyTN
9.47 miles182 Boswell Cir
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MultifamilySpartaTN
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Additional Information
Broker Name
Shelly Marie Copeland
Broker License
TN TN AFFILIATE BROKER 362919, TN TN AUCTIONEER 7451
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