329-335 Randall Fugate Rd Spring City, TN 37381
This exceptional 0.68-acre property in Spring City, Tennessee, presents a lucrative investment opportunity. Located at 329-335 Randall Fugate Road, 37381, this land boasts six developed lots, ideally situated near Watts Bar Lake and Arrowhead Marina. The property currently features two established tiny homes and four RV lots, each equipped with 20, 30, and 50-amp hookups and septic service. The existing infrastructure ensures immediate income generation. Beyond the developed lots, the property offers ample open space, perfect for expansion or recreational use, including a designated picnic area. Excellent on-site parking is available, catering to residents and guests. Its proximity to the lake and a public boat launch adds significant appeal. The property's current configuration, combined with its prime location and existing infrastructure, makes it an attractive investment with strong potential for future growth and rental income. This is a rare opportunity to acquire a multi-family residential land parcel with established income streams and significant upside potential in a desirable Tennessee location. The asking price is $239,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.