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Sold for $295,000
  • $295,000

    1014/1016 Ellis Dr SE, Cleveland, TN 37323

    2beds
    6,048sqft
    Manufactured Home
    Built in 1980
    3.5 Acres Lot
    $283,300 Zestimate®
    $49/sqft
    $1,184 Estimated rent

    Home value

    $283,300

    $221,000 - $354,000

    $1,184/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $1,184/mo

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    $1,184/mo

    Rent Zestimate®

    Refinance and save

    $1,724/mo

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    $1,724/mo

    Est. payment

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    What's special

    Discover a remarkable investment opportunity nestled on approximately 3.50 lush acres. This unique property boasts six mobile homes, each occupied by long-standing renters, ensuring a steady income stream right from the start. All homes are well-maintained, featuring central heating and air conditioning for year-round comfort, as well as durable metal roofs for added peace of mind. Each residence benefits from its own septic system, fostering a sense of independence and ease of management. Additionally, a spacious 30-foot by 40-foot block building graces the property, complete with electricity and a half bath. This versatile space is perfect for a workshop, storage, or could be adapted to suit a variety of entrepreneurial activities. The thoughtful layout emphasizes privacy and accessibility, with ample space between homes to ensure a comfortable living environment. Surrounded by the tranquil beauty of the area, residents enjoy a serene lifestyle while remaining connected to essential services and community features. This property is not just a purchase; it's a strategic investment in a stable and proven income generator. With all units currently occupied and in good standing, you can start benefiting from your investment immediately. Do not miss out on this chance; schedule your private showing today to see the potential and promise that awaits at this multi-family dwelling. Unlock the door to a valuable addition to your investment portfolio.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marcia Botts 423-400-1042,

    Award Realty

    Bought with:

    Marcia Botts, 255705

    Award Realty

    Source: Greater Chattanooga Realtors,MLS#: 1379966

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Range, Refrigerator
    Features
    • Primary Downstairs
    • Flooring: Other
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 6,048
    • Total interior livable area: 6,048 sqft
    • Finished area above ground: 6,048
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Off Street, Unpaved
    Features
    • Levels: One
    • Patio & porch: Front Porch, Rear Porch
    • Exterior features: None
    • Fencing: Partial
    Lot
    • Size: 3.5 Acres
    • Dimensions: 263 x 458 x 489 x 152 x 133 x 201
    • Features: Level
    Details
    • Parcel number: 065k G 008.00, 009.00,009.00 001, 015.01
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MobileManufactured
    • Property subtype: Manufactured Home
    Materials
    • Aluminum Siding
    • Foundation: Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Not Available, Water Connected

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $49/sqft
    • Annual tax amount: $853
    • Date on market: 8/8/2024
    • Listing terms: Cash
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    11/8/2024Sold$295,000-15.7%$49/sqft
    Source: Greater Chattanooga Realtors #1379966 Report a problem
    8/22/2024Contingent$349,900$58/sqft
    Source: Greater Chattanooga Realtors #1379966 Report a problem
    8/22/2024Pending sale$349,900$58/sqft
    Source: East Tennessee Realtors #1240267 Report a problem
    7/5/2024Price change$349,900-6.4%$58/sqft
    Source: RCAR #20237303 Report a problem
    6/3/2024Price change$374,000-6.3%$62/sqft
    Source: Greater Chattanooga Realtors #1379966 Report a problem
    5/1/2024Price change$399,000-6.1%$66/sqft
    Source: RCAR #20237303 Report a problem
    9/20/2023Listed for sale$425,000$70/sqft
    Source: Greater Chattanooga Realtors #1379966 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South Cleveland

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Waterville Elementary
    • Middle: Lake Forest Middle School
    • High: Bradley Central High

    Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $283,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $283,300