Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1625498
  • Posted On: Mar 16, 2022
  • Updated On: Jun 16, 2022

Description

Sciota Woods is a small, family owned mobile home park in beautiful Unicoi, Tennessee. The park has 15 usable single wide lots on 3.86 unrestricted acres with a quaint creek. It sits in a nice upscale neighborhood in the Cherokee National Forest. The trailers are owned by the tenants and do not convey with the sale. The current monthly lot fee is $165 per lot with month-to-month leases. Local comparison lot fees are $230. There are two trailers per septic system. All utilities are underground including city water and fiber optic high-speed internet. The tenants pay their own separately metered utility bills and maintain their own yards and driveways. Tenants take their trash to the local convenience center up the road. The owner does maintain the gravel roads throughout the park. There's additional space to add an owner/occupied home. Thirteen of the fifteen lots are currently occupied. The Seller had left one reserved for personal use (the shed on this first lot will be moved prior to closing). You could add another couple of homes or have some long or short term RV rentals fill the space right away. Annual fixed expenses and taxes currently total less than $3,000 per year. A new owner could leave it as it is or there's great potential to convert it to an RV park, tiny house, cottage community, or a combination of all of the above. It's an easy 20 minutes to downtown Johnson City, TN and 1 hour to Asheville, NC. Close to shopping, outdoor adventures, Alexander State Park, Mountain Home Veterans Hospital and East Tennessee State University. ''A nice place to call home''.

Location

NOT GPS friendly. From Johnson City take I-26 E/US-23 S to State Hwy 173 in Unicoi. Take exit 32 from I-26 E/US-23 S. Turn left onto State Hwy 173. Turn right onto Unicoi Dr. Turn left onto TN-107 E. Turn left onto Scioto Rd. You will see the Sciota Woods sign on the right hand side of the road.

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