Thank you for choosing Pat McCollum! As one of the Knoxville area's premier Real Estate Brokers, we are uniquely qualified to help you find your dream home. On the lake, around town or out on a farm, Pat McCollum is here to help!
Public Remarks: 550 Happy Hollow Road • Madisonville, TN High-ROI Investor Opportunity • 5 UNRESTRICTED Acres Attention investors—here's the value-add property you've been searching for. This 2007 double-wide manufactured home sits on 5 fully unrestricted acres in Madisonville, offering multiple exit strategies, strong upside potential, and the ability to subdivide the land for additional home sites if desired. The home features 3 bedrooms, 2 baths, a bonus room, and a wood-burning fireplace with an island kitchen. While the property will need cosmetic and repair updates, it is ideal for a flip, BRRRR, long-term rental, or short-term rental conversion. The layout is functional, the footprint is solid, and the land provides exceptional flexibility for further development. Key Highlights for Investors: Unrestricted 5 acres - suitable for subdividing into multiple home sites or adding tiny homes, manufactured homes, RV pads, or additional rental units Cash or conventional financing only - priced for a quick, clean close Strong rental demand for homes on acreage in Monroe County Well & septic - reduced monthly utility overhead Competitive list price: $150,000 with ample room for value-add improvements Multiple exit strategies including renovation, rental portfolio addition, or land development This property delivers the rare combination of unrestricted land, subdivision potential, and immediate value-add opportunity. Investors looking for a profitable project or multi-use land development option will appreciate the flexibility and upside here.
From Old Federal Rd 1.0 mi Turn right onto Wilson Station Rd 1.2 mi Turn left to stay on Wilson Station Rd 1.0 mi Turn left onto Happy Hollow Rd 0.5 mi Turn left
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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