The Sellers are Retiring and Relocating To Another State.
As A Result, They Are Liquidating This Affordable and Profitable NE TN Investment Property!
INVESTORS, DO NOT MISS THIS OPPORTUNITY!!
Saturday October 28, 2017 at 10:30 a.m.
Auction To Be Conducted On The Premises
105 Phipps Rd.
Surgoinsville TN 37873
Beautiful Lot, Great Location…Corner of Phipps Rd.(St.) and Main St.
(1/4 mi. north on Main St. from the Phipps Bend Rd. and Main St. 4-Way Intersection)
Dead End St.!
Note: Street Sign says “Phipps RD”, other resources/documents say “Phipps ST”. They are one in the same.
Lots of Frontage on Phipps Rd.!
Owner Residence or Rental Home
Very Nice, Well-kept, with updates, and Improvements
1990 14×56 MH improved w/ 8×56 additon, roof, covered porch, and deck between 1993 and 2002
Current Rent is $475/mo. Renter pays electric and water.
(Tenant mows/maintains property, incl. Storage site)
Only two renters in the past 9 yrs.
Preview and Inspection of the residence will be on Auction Day from 9:30 to 10:30, prior to the start of the auction. Don’t be late!
Phipps Bend Self Storage
22 Storage Units
Units rent for $30 and $45 month
($5 discount if multiple units rented by same person)
Historically 90% -100% Rented (records available)
(18) 10′ x 10′ and (4) 5′ x 10′
Update Tuesday, Oct. 16th
Note: Currently, 20 units are rented and producing monthly income. (Vacant is a 5×10 that became vacant last week. The owner uses the other one (10×10), but will pay rent after transfer of ownership.
Current Owner’s Expenses are only $111/month for the whole property!!
Phone $20 (owner does not use personal #, sale will include the Phipps Bend Storage phone #)
Security Light $17
Property Taxes $49 (for both parcels)
More pictures and details to be posted soon, check back often!