1 Acre of Residential Land for Sale in Spring City, Tennessee

329 Randall Fugate Rd Spring City, TN 37381

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$225,000
1 acre
Active sale ago

Owner Financing could be an option with 50% down .

Currently there are two tiny homes on the property.One tiny house is a Skid house on a concrete block raised elevation with an entry deck. Lot 2. The other is on a traditional trailer tiny house. lot 1. leveling for an RV pull-in lots. (Not drive-through)

All 6 lots have 50, 30, and 20 app plugs with separate meters to read from the main power company meter. We have a set fee for the plugin. The prior owner read each meter and bill based on use.

Each site is graveled with a fire pit and a picnic table. Small privacy fence between each lot by septic hookups. City water is from two meters to ball valve shut-offs at the lots. There is a small creek behind the property. Storage support shed and common area fire pit area with picnic area at the lower setting area. Dog walk area. We do not offer bathrooms or showers. New owner could raise rents significantly if this amenity were offered. It would also attract more guests. RV Spots currently rent for $375 per month which includes the first $75 of utilities. This is approx $300 a month below high season market rents. The tiny homes rent for approx $1000.00 per month. The current owner is not marketing the property other than through short term rental websites.

The area is residential about two blocks from WATTS Bar Lake with other small homes, vacant lot sites, mobile homes, RV trailers, and another tiny house. One block from Arrowhead marina which went through some updating last year. It has a full cafe, private boat launch, RV Park, small cabins, and motel rooms on the lake with dock rentals. The public boat launch is two blocks away.

This is a family-run property and was a personal project for the tiny homes. The seller has two other projects in the pipeline, and this is the reason for selling the property. The past owner lived on the property and did long-term and short-term RV-only rentals. We do not currently do long-term but have done TVA contractors for two to three months when that happens. A new owner with an RV and short-term rental of the parks could have a good upside with the long-term rental and more RV hits. If new owner were to add a bath house it would comman more rent an full time residents. Current rents are below market at $375 per RV spot, tiny homes rent for $1,000 a month, short term only. All furnishings are included, and we can walk you through the park's personality. Sold "as is" and believed to be in a turn key condition.

Sq feet

Directions

Highway 27 to Rocky Springs, Left on Toestring Valley, Left onto Randal Fugate.

Location

Street Address
329 Randall Fugate Rd
Coordinates
35.7404, -84.7561

Property details

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Date Posted

This 1-acre property is located at 329 Randall Fugate Rd in Spring City, TN 37381 with latitude 35.7404 and longitude -84.7561. The property is currently available for sale for $225,000. It has a structure.

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The owners husband is a licensed broker

Updated . Checked 2 hours ago. Parcel data by Regrid.

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