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Sold on 04/26/2018
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401 Gilliam Cir, Talbott, TN 37877

$68,000

Last sold 04/26/2018 for $279K

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    bed

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    bath

Multi-family not for sale
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About 401 Gilliam Cir

Property type Multi-family
HOA fee $0/month
Lot size 2.02 Acre
Movoto estimate
Property description
Money Making Investment! This 17 pad mobile home park located in West Hamblen County generates over $45,000 per year in NET income. 8 of the units are park owned; other 9 receive $170/month lot rent. 9 private owned have been in park for 13+ years. Well managed property that is conveniently located between Morristown and Jefferson City. Park sits on 2.02 acres and has 5 septic tanks. Rent includes water; each unit has their own electric meter. Onsite security guard, maintenance man, and lawn care. Motivated sellers are looking to retire from the property management business.
Listed by
Listing Agent - Amy Shrader
Listing Office - RE/MAX Real Estate Ten Midtown
Source: Lakeway Area Association of REALTORS® mls logo
MLS#577342 • last updated 2 years ago
Movoto checked Lakeway Area Association of REALTORS® for data 1 hour ago
Overview
Cooling/AC Central Air, Electric
Heating Central, Electric
MLS # 577342
Virtual Tour N/A
SubType Mobile Home Park
Status Closed
Lot Size (Acres) 2.02
Lot Size (Sqft) 87991.2
Property Tax 1251
Interior
Laundry Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Fireplace Metal
Interior Features Ceiling Fan(s)
Appliances Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Exterior
Construction Metal Siding, Vinyl Siding
Parking Gravel
Patio/Porch Porch
Exterior Features Lighting
Amenities / Utilities
Water Source Public
HOA Amenities Cable TV
Location
Area Northwest
Subdivision Rolling Acres
Elementary School Alpha Elementary
Middle School Westview
High School West
APN 25
Directions Highway 11E Towards Jefferson City. Turn Right On Dogwood. Left On Gilliam Circle. Follow To Mobile Home Park At End.
Multifamily Details
Total # of Units 17
Net Operating Income 45769
Gross Scheduled Income 58620
$68K
Range: $23.1K-$112K
Last 30 days 
  • Oct 2023
    mls logo MLS # 1241763
  • Oct 4, 2023 Listed
    $588,000 (+110.1%)
  • Apr 2018
    mls logo MLS # 403786
  • Apr 27, 2018 Sold
    $279,900 (-6.7%)
  • Mar 16, 2018 Listed
    $299,900
  • 401 Gilliam Cir
    $279K
  • —
  • 37877
    $349K -5% y/y
  • Talbott
    $349K -5% y/y
No chart available
Statistics calculated by Movoto

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6/10
Alpha Elementary School
public Grades K-5
Hamblen County School District
6/10
West View Middle School
public Grades 6-8
Hamblen County School District
5/10
Morristown West High School
public Grades 9-12
Hamblen County School District
Source: GreatSchools.org © 2026. All rights reserved.

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