620 Lovers Lane, Greeneville, TN 37743
Local realty services provided by:CENTURY 21 Legacy
620 Lovers Lane,Greeneville, TN 37743
$500,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: lucia fillers
Office: preferred properties of east tennessee
MLS#:9992067
Source:TNVA_MLS
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Price summary
- Price:$500,000
About this home
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....
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Home facts
- Year built:1979
- Listing ID #:9992067
- Added:97 day(s) ago
- Updated:June 14, 2026 at 07:00 AM
Rooms and interior
- Flooring:Laminate, Luxury Vinyl, Tile
- Kitchen Description:Dishwasher, Electric Range, Refrigerator
Heating and cooling
- Cooling:Ceiling Fan(s), Heat Pump
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1979
- Construction Materials:Vinyl Siding
- Foundation Description:Pillar/Post/Pier, Slab
Schools
- High school:West Greene
- Middle school:None
- Elementary school:Mosheim
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$500,000
Features and amenities
- Appliances:Dishwasher, Electric Range, Refrigerator
- Laundry features:Electric Dryer Hookup, Washer Hookup
- Amenities:Insulated Windows
Parking
- Parking description:Concrete Driveway, Driveway
- Carport spaces:1
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