471 Grayson Way, Signal Mountain, TN 37377
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
471 Grayson Way,Signal Mountain, TN 37377
$450,000
- 6 Beds
- 3 Baths
- 2,250 sq. ft.
- Farm
- Active
Listed by: tag thompson
Office: oak and willows real estate collective pllc
MLS#:1529702
Source:TN_CAR
Price summary
- Price:$450,000
- Price per sq. ft.:$200
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.
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Home facts
- Year built:1994
- Listing ID #:1529702
- Added:1 day(s) ago
- Updated:March 05, 2026 at 03:35 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,250 sq. ft.
Heating and cooling
- Heating:Heating
Structure and exterior
- Year built:1994
- Building area:2,250 sq. ft.
- Lot area:1.77 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Septic Tank
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$200
- Tax amount:$186
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