Sold
Last Sold Price
10,000 sqft$36/sqft
3885 Gainesville Rd, Mason, TN 38049
Multi FamilyProperty Type
1997Year Built
$36/sq ftPrice per sq ft

Description

Incredible investment opportunity with nearly 80k/year in gross rental income. Situated on 6 parcels totaling nearly 40 acres with 12 single wide mobile homes, potential for several more as well.Incredible investment opportunity with nearly 80k/year in gross rental income. Situated on 6 parcels totaling nearly 40 acres with 12 single wide mobile homes, potential for several more as well.
  • Listed by: Pamela Worley • Unique Properties
Listing closed: 02/14/2020 12:00 AM • Source: MAARMLS, MLS#: 10058140

Location

Listing Courtesy of Unique Properties

Sold By RE/MAX ON POINT

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Payment Calculator

$1,888 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,804

Property Taxes

$83

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3885 Gainesville Road

Property Details
  • Taxes: $1,000 / year
  • MLS Type: Multi-Family / Mobile Home Park
  • Lot Size: 0.00 AC / 0 SF
  • Area: 622D
  • MAAR Subdivision Name: Rural
  • Legal Subdivision Name: Rural
Building Information
  • Stories: 1
  • Residences: 12
  • Year Built: 1997
  • Lot Size: 0.00 AC / 0 SF
Summary
Location and General Information
  • Address: 3885 GAINESVILLE RD
  • Address Search Number: 3885
  • Directions: Hwy 59 to Mason, left onto Gainesville Rd, properties on left. Total of 6 parcels included in this sale, all adjacent. No sign. Do not disturb tenants. Appointment only.
  • Map Coordinate: D
  • MLS Map Num: Tipton/Brighton
Taxes and HOA Information
  • Hot Water: Electrical, Public Water, Septic Tank
  • LVT Date: 07-25-2019
Property
Lot Information
  • Lot Size: 38 Acres +/-
  • Parcel ID: 139 012.26 & 139 012.25 & 139 012.24 & 139 012.23 & 139 012.22 & 139 012.21
Property and Assessments
  • Foundation: Conventional/Crawl Space
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Metal, Shingle/Shake, Pitched, Flat
Interior Features
  • Appliances / Equipment: Range/Oven (Freestanding), Cooktop/Wall Oven
  • Floors/Ceilings: Vinyl Floor, Partial Carpet, Dry Wall, Paneled
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 2
  • Num of 3 Bedroom Units: 10
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 12
  • Num Other Units: 0
  • Annual Land Lease Payment: $900
  • Assumption: No Assumption
  • Average Annual Utilities: $0
  • Construction: Aluminum/Steel Siding
  • Cooling Systems: Central, Electrial, 1 Window Unit per Unit, Individual Cooling, House Cooling
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $78,900
  • Heating Systems: Central, Gas, Electrical, Wall Heat, Space Heater
  • Laundry: Connections
  • Miscellaneous Exterior: Wood Fence, Chain Fence, Partically Fenced
  • Operating Expenses: Insurance, Repairs/Maintenance, Pest Control, Taxes
  • Parking Facility: Gravel
  • Possession: Negotiable
  • Sale Includes: Building and Land, Some Equipment, Some Appliances
  • Source Of Info: Owner, Rent Roll
  • Tenant Pays: All Utilities
  • Type Units: 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished

Property History for 3885 Gainesville Road

DateEvent & SourcePriceAppreciation
Feb 14, 2020

Sold

MAARMLS #10058140

$355,000
Nov 22, 2019

Contract Signed

MAARMLS #10058140

Jul 25, 2019

Listed (Active)

MAARMLS #10058140

$375,000
DateEvent & SourcePrice
02/14/2020

Sold

MAARMLS #10058140

$355,000
11/22/2019

Contract Signed

MAARMLS #10058140

07/25/2019

Listed (Active)

MAARMLS #10058140

$375,000

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

Schools near 3885 Gainesville Road

This home is within Tipton County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Austin Peay Elementary School
PublicPK to 5

Brighton Middle School
Public6 to 8

Brighton High School
Public9 to 12

Charger Academy
PublicPK to 5

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3885 Gainesville Road, Mason, TN 38049
$355,000
10,000
0
152,460
$355,000
152,460
720
$545,000
5
3,152
500,940
$48,000
4,332,914

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 Unique Properties

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. 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. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.