3 beds1 bath1,624 sqft$1,663/sqft
107 Lay Hollow Rd, Sharps Chapel, TN 37866
Est: $14,026/moGet pre-approved

Description

Rare mixed-use investment portfolio featuring two income-producing assets in Union County, TN, located approximately 10 minutes apart. This diversified investment includes campground/RV income, multifamily, self-storage, residential rentals, and ancillary revenue with immediate upside and future expansion potential. Portfolio now offered at $3,800,000. The seller has agreed to complete the current expansion as part of the sale, including 14 new campground pads at Sharps Chapel and 7 new camper/RV...Rare mixed-use investment portfolio featuring two income-producing assets in Union County, TN, located approximately 10 minutes apart. This diversified investment includes campground/RV income, multifamily, self-storage, residential rentals, and ancillary revenue with immediate upside and future expansion potential. Portfolio now offered at $3,800,000. The seller has agreed to complete the current expansion as part of the sale, including 14 new campground pads at Sharps Chapel and 7 new camper/RV pads at the Maynardville property. Upon completion, projected annual NOI increases by $138,600 to approximately $491,424, representing a 12.93% projected cap rate at the asking price. Sharps Chapel Campground (107 Lay Hollow Rd) features 43 long-term campground sites, 52 self-storage units, an on-site laundromat, and a 1,624 SF (3BR/1BA) home. The campground is approximately 90% occupied with stable long-term tenants. The included 14-pad expansion is currently under construction, and the seller will remain involved after closing to complete the project. The property also offers future potential to add 25 additional RV parking spaces.

6367 Maynardville Highway includes a 5-unit apartment building, two single-family homes, two mobile homes, and five self-storage units. As part of the sale, the seller will complete 7 new camper/RV pads, creating additional income while preserving future development opportunities. Investment highlights include diversified income streams, established long-term occupancy, seller-funded expansion included in the purchase, projected NOI of $491,424, and a 12.93% projected cap rate. Located near Norris Lake in the growing East Tennessee market, this portfolio offers stabilized cash flow, immediate value-add through the included expansion, and long-term upside through future RV development.
LISTING UPDATED: 07/24/2026 04:08 PM

  1. Listed by Tony Puglisi • MRG Realty Partners
    P: (865) 806-4310 C: (865) 806-4310 tony@mrgrealtypartners.com
  2. Listed by Drew Lekowski • MRG Realty Partners
    P: (615) 522-3973 C: (615) 522-3973 drew@mrgrealtypartners.com

Property Details for 107 Lay Hollow Road

Status
MLS #
3250984
Days on Market
49
Taxes
$3,627 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1963
Lot Size
-
Subdivision Name
None
View
Seasonal View, Trees/Woods
Waterfront
No

Location

Listing Courtesy of MRG Realty Partners, Tony Puglisi (865.806.4310); MRG Realty Partners, Drew Lekowski (615.522.3973)
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Building Information for 107 Lay Hollow Road

Stories1Residences96Year Built1963Building Size-Lot Size-

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$14,026 per month

30 year fixed, 6.55% Interest

Principal and Interest

$13,724

Property Taxes

$302

HOA Dues

$0

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Property Information for 107 Lay Hollow Road

Summary
Location and General Information
  • Directions: Take Hwy 33 to Sharps Chapel. Turn left onto Sharps Chapel Rd. Follow down to the corner of Sharps Chapel Rd and Lay Hollow Rd. The home is on the right.
  • Elementary School: Sharps Chapel Elementary
  • High School: Union County High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: H Maynard Middle School
  • Mlg Can View: Yes
  • Zoning: None
Parking
  • Total Non Garage Parking Spaces: 43.0
  • Garage Spaces: .00
  • Parking Features: Detached, Gravel
  • Parking Total: 44.00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Wood, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 027 03000 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Frame
  • Documents Count: 0
  • New Construction: No
  • Possession: Immediate
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 1
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Private
Interior and Exterior Features
Interior Features
  • Laundry Features: Share
Exterior Features
  • Attached Garage: No
  • Carport Spaces: 1
  • Carport: Yes
  • Covered Spaces: 1.00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Steel
  • View YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 96
Unit 1
  • Unit Type Actual Rent: $1,850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Type Actual Rent: $500.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 0
Unit 3
  • Unit Type Actual Rent: $400.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 0
Unit 4
  • Unit Type Actual Rent: $450.00
Rental Information
Rental Information
  • Rent Includes: Electricity, Water
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: $3,200

Property History for 107 Lay Hollow Road

DateEvent & SourcePriceAppreciation
Jul 24, 2026

Price Change

REALTRACS #3250984

$2,700,000
Jun 26, 2026

Listed (Active)

REALTRACS #3250984

$3,100,000
Dec 19, 2024

Closed (Public Record)

Public Record #1547267751

$70,000

-45.5% / yr

DateEvent & SourcePrice
07/24/2026

Price Change

REALTRACS #3250984

$2,700,000
06/26/2026

Listed (Active)

REALTRACS #3250984

$3,100,000
12/19/2024

Closed (Public Record)

Public Record #1547267751

$70,000

-45.5% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 107 Lay Hollow Road

Taxable ValueLand$7,075Additions$48,550Total$55,625
Tax Record2025$1,057 ($88 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,624 SqFtAbove Grade Finished SqFt1,624 SqFtUnfinished Basement SqFt1,204 SqFtStories1Lot Size114,998 SqFtStyleSingle Family ResidenceYear Built1963Year Renovated2002CountyUNIONAPN027 03000

Schools near 107 Lay Hollow Road

This home is within Union County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Sharps Chapel Elementary School
PublicPK to 5

H Maynard Middle School
Public6 to 8

Union County High School
Public9 to 12

Elementary Middle Alternative
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

107 Lay Hollow Road is a multi-family home for sale in Sharps Chapel, TN 37866. This property was listed for sale on June 26, 2026 by MRG Realty Partners, it's currently listed at $2,700,000. It has been on the market for a total of 49 days and was last sold on December 19, 2024. This listing's school district is Union County School District. Nearby schools include Sharps Chapel Elementary School, H Maynard Middle School and Union County High School. 107 Lay Hollow Road is a 3-bed, 1-bath, 1,624 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MRG Realty Partners, Tony Puglisi (865.806.4310); MRG Realty Partners, Drew Lekowski (615.522.3973)

Based on information submitted to the MLS GRID as of 07/24/2026 04:08 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.