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Listed by Jennifer Scates • Wallace-Jennifer Scates Group
$ 625,000
Est. payment | /mo
$ 625,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3011699
Year Built 2020
Annual Tax Amount $3,956
Property 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.
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.
Location
State TN
County Unicoi County
Interior
Heating Baseboard, Electric, Other
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Fireplace N
Exterior
Garage Spaces 1.0
Utilities Available Electricity Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Structure Type Frame,Other
New Construction false
Others
Senior Community false
Special Listing Condition Standard
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