471 Grayson Way, Signal Mountain, TN, 37377
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance | $238 | $2,856 |
| Property Taxes | $586 | $7,032 |
| Electricity | $182 | $2,193 |
| Total | $2,978 | $35,736 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-04 | Listed for sale | $450,000 |
For Sale by Agent
View on Zillow