Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

471 Grayson Way, Signal Mountain, TN, 37377

6beds
3baths
2,250sqft
$450,000
$200price/sqft
$3,372/moest. monthly cost
$134,880/yrincome needed

About This Home

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.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
7
BikeSomewhat Bikeable

Schools

5/10
5/10
Sequatchie Co High SchoolGrades 9-1220.9 mi
5/10
Griffith Elementary SchoolGrades PK-412.0 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: See Remarks
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Other
  • Finished area above ground: 2,250

Heating & Cooling

  • Heating features: Other
  • Cooling features: See Remarks

Interior Area

  • Total structure area: 2,250
  • Total interior livable area: 2,250 sqft

Property

Details

  • Parcel number: 092 07112 000

Features

  • Exterior features: Other
  • Fencing: Other

Lot

  • Lot size: 1.77 Acres
  • Features: Other
  • Lot size dimensions: 145 x 181

Parking

  • Total spaces: 3
  • Parking features: Other
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 3
  • Carport: Yes
  • Carport spaces: 1