Located at 550 Happy Hollow Road in Madisonville, TN, this value-add property presents a strong opportunity for investors seeking flexibility, land, and upside potential in a growing East Tennessee market. Situated on 5 fully unrestricted acres, the property features a 2007 double-wide manufactured home offering 3 bedrooms, 2 bathrooms, a bonus room, and approximately 2,432 square feet of living space. The home includes a functional layout with an island kitchen and a wood-burning fireplace, providing a solid foundation for renovation or repositioning. The property is priced at $130,000, reflecting its current condition and the opportunity for improvement.
While cosmetic updates and repairs are needed, the overall footprint and setting make this property well-suited for a variety of strategies, including a flip, BRRRR approach, long-term rental, or potential short-term rental conversion where permitted. The unrestricted acreage adds significant value, allowing for possible subdivision, additional home sites, or alternative uses such as manufactured homes, tiny homes, RV pads, or other income-producing options. With well and septic already in place, ongoing utility costs can remain lower than typical properties in the area.
Located in Monroe County, this property benefits from consistent rental demand for homes with acreage while remaining conveniently accessible to Madisonville and surrounding communities. Offered for cash or conventional financing, this is a straightforward opportunity for buyers looking to acquire land with immediate value-add potential and multiple exit strategies. Properties combining unrestricted acreage, development flexibility, and an affordable entry point are increasingly difficult to find, making this a compelling option for investors ready to capitalize on its upside.
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Listed in ZILLOW
