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Amber Warsy

amberwarsyrealtor@gmail.com +1(423) 794-6768

$ 589,900

Est. payment | -/mo

4,766 SqFt

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$ 589,900

Est. payment | -/mo

Save Virtual Tour

4,766 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,766 sqft

Price per Sqft $123

Subdivision Not In Subdivision

MLS Listing ID 9992067

Style Other

HOA Y/N No

Year Built 1979

Lot Size 1.660 Acres

Acres 1.66

Lot Dimensions 1.66 Acres

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.

Location

State TN

County Greene

Community Not In Subdivision

Area 1.66

Zoning A-1

Direction Turn onto TN-70 N/Lonesome Pine Trail from 11E ByPass. Go approximately 2.5 miles and turn left onto Lovers Lane. Propery will be on the left.

Rooms

Other Rooms Storage

Interior

Heating Electric, Heat Pump, Electric

Cooling Ceiling Fan(s), Heat Pump

Flooring Tile, Luxury Vinyl, Laminate

Fireplace No

Window Features Insulated Windows

Appliance Dishwasher, Electric Range, Refrigerator

Heat Source Electric, Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Driveway, Concrete

Carport Spaces 1

Utilities Available Electricity Connected, Water Connected, Cable Connected

Roof Type Metal

Topography Level, Cleared

Building

Story 1

Entry Level One

Foundation Pillar/Post/Pier, Slab

Sewer Septic Tank

Water Public

Architectural Style Other

Level or Stories 1

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Mosheim

Middle Schools None

High Schools West Greene

Others

Senior Community No

Tax ID 085 01702 000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://my.matterport.com/show/?m=Nb4X7qZm7Vo&brand=0

Listed by Lucia Fillers • Preferred Properties of East Tennessee

Amber Warsy

Agent | License ID: 383929

+1(423) 794-6768 | amberwarsyrealtor@gmail.com

620 Lovers LN Greeneville, TN 37743

Amber Warsy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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620 Lovers LN