This is a high-yield, utility-ready portfolio designed for the sophisticated mobile home investor. Situated in the sought-after Signal Mountain market, this offering consists of three distinct parcels, each providing independent infrastructure that drastically reduces the barrier to entry and ongoing overhead. Unlike typical park deals, this property offers the autonomy of individual land ownership with the scalability of a multi-unit operation.
The first parcel features a 3-bedroom, 2-bathroom double-wide that is fully renovated and ready for immediate tenant placement. The second parcel contains a 3-bedroom, 1-bathroom single-wide, also in rent-ready condition. Both existing units have been professionally detitled, streamlining the path for conventional financing or a clean future exit.
The third parcel is a prepared, vacant lot that serves as the immediate value-add play. It is already equipped with its own dedicated power pole, water connection, and septic system. This allows an investor to move a third unit onto the site and achieve a 100 percent occupancy rate without the typical delays associated with permitting and utility installation.
The strategic layout of separate utilities for every lot ensures simplified management and clear cost allocation. With all units currently vacant, the buyer can set market-rate rents from day one in a location known for high demand and limited inventory. This is a rare, plug-and-play assembly of assets that balances immediate cash flow with significant equity upside.
For sale
$450,000
471 Grayson Way, Signal Mountain, TN 37377
6beds
2,250sqft
Farm
Built in 1994
1.77 Acres Lot
$424,500 Zestimate®
$200/sqft
$-- HOA
What's special
Fully renovated
- 120 days |
- 618 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Tag Thompson 678-371-1724,
Oak and Willows Real Estate Collective PLLC 423-218-2212
Source: Greater Chattanooga Realtors,MLS#: 1529702
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- See Remarks
Features
- Flooring: Other
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
- Finished area above ground: 2,250
Property
Parking
- Total spaces: 3
- Parking features: Other
- Attached garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Exterior features: Other
- Fencing: Other
Lot
- Size: 1.77 Acres
- Dimensions: 145 x 181
- Features: Other
Details
- Additional parcels included: 092 071.03, and 092 071.11 included in the sale
- Parcel number: 092 07112 000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Materials
- Other
- Foundation: See Remarks
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Features: Other
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Signal Mountain
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $40,600
- Annual tax amount: $186
- Date on market: 3/4/2026
- Listing terms: Cash,Conventional
Estimated market value
$424,500
$403,000 - $446,000
$2,691/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listed for sale | $450,000$200/sqft |
Source: Greater Chattanooga Realtors #1529702 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $186 | $10,150 |
| 2024 | $186 | $10,150 |
| 2023 | $186 -2.5% | $10,150 +29.7% |
| 2022 | $191 | $7,825 |
| 2021 | $191 | $7,825 |
| 2020 | $191 | $7,825 |
| 2019 | $191 -49.8% | $7,825 -49.8% |
| 2018 | $381 0% | $15,600 |
| 2017 | $381 +0.3% | $15,600 +5.6% |
| 2016 | $380 +2.2% | $14,775 +2.1% |
| 2015 | $372 | $14,475 |
| 2014 | $372 | $14,475 |
| 2013 | -- | $14,475 +0.2% |
| 2011 | $309 -7.1% | $14,450 -11.3% |
| 2010 | $333 | $16,300 |
| 2009 | $333 | $16,300 |
| 2008 | $333 +10.9% | $16,300 +15.8% |
| 2007 | $300 | $14,075 |
| 2006 | $300 | $14,075 |
| 2005 | $300 -21.4% | $14,075 |
| 2004 | $381 +4.5% | $14,075 +2.6% |
| 2003 | $365 | $13,725 +0% |
| 2001 | -- | $13,720 -75% |
| 2000 | -- | $54,878 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lone Oak
Nearby schools
GreatSchools rating
- 5/10Sequatchie Co Middle SchoolGrades: 5-8Distance: 11.8 mi
- 5/10Sequatchie County High SchoolGrades: 9-12Distance: 11.9 mi
- 5/10Griffith Elementary SchoolGrades: PK-4Distance: 12 mi
Schools provided by the listing agent
- Elementary: Griffith Elementary School
- Middle: Sequatchie Middle
- High: Sequatchie 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Sequatchie County
- Signal Mountain
- 37377
- Lone Oak
- 471 Grayson Way




