2353 Highway 107, Unicoi, TN 37692

$625,000

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List Price
$625,000
Price Change
▼ $15,000 1774299981
MLS#
1317554
Status
ACTIVE
Type
Single Family Residential
City
Unicoi
County
Unicoi
Lot Size
81,892
Year Built
2020
DOM
297

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. 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!

Additional Information

Acres
1.88
Appliances
Refrigerator, Range, Washer, Dryer
Construction
Frame, Other
Cooling
Ceiling Fan(s), Wall Unit(s)
Floors
Luxury Vinyl Plank
Garage
On Premise Parking
Year Built
2020
Heating
Baseboard, Other, Electric
Num Of Units
1

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Calculator source: Real Geeks

Agent: Jennifer Scates |

Office: Wallace Jennifer Scates Group |