For Sale
$1,990,000

362 Saddlebrook DrSparta, TN 38583

Waterfront Multifamily Community, Developer Rights Included

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 122-acre, gated, waterfront multifamily community in Sparta, Tennessee (38583). The property, encompassing 132 homesites, includes developer rights, allowing for significant future development potential. Currently featuring a clubhouse with a pool, paved roads, and underground utilities, the community is comprised of 55 developed homesites (23 available) and 77 undeveloped sites in Phase II, plus RV parking. The property boasts unrestricted zoning (MultiFamily Commercial), engineered septic systems, and a separate entrance for the undeveloped Phase II. The sale includes a large waterfront lot planned as a community park. The existing covenants, with a $299 monthly community fee, are modifiable by the new owner. Phase I's remaining lots and the planned Phase II development project a potential value of $3.9 million. The property's total square footage is 1,920, built in 2010, and sits on 122 acres. This is a unique opportunity to acquire a thriving multifamily and RV park community with substantial growth potential. The asking price is $1,990,000.

Highlights

  • Multifamily property in Sparta, TN (38583).
  • Mobile home park with 132 homesites.
  • Active listing.
  • Located in White County.
  • Zip code 38583.
  • Built in 1997.

Property Details for 362 Saddlebrook Dr

Property type
Mobile home & RV parks, Mixed-use properties
Square Feet
1,920 SF
Class
A
Year Built
2010
Stories
1
Lot Size (sq. ft)
5,314,320 SF
Units
132

Location Insight

City
Sparta
County
White
State
Tennessee
Latitude
35.84638495
Longitude
-85.46629077
362 Saddlebrook Dr, Sparta, Tennessee

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362 Saddlebrook Dr
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