620 Lovers Lane, Greeneville, TN 37743

• 4,766 sqft

Property Description

Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

March 25, 2026 at 7:37AM

Listing Office:

Preferred Properties of East Tennessee : 423-783-0051

Listing Agent:

Lucia Fillers : 423-552-8278

MLS ID:

9992067

Interior

• Appliances: DishwasherElectric RangeRefrigerator
• Laundry: Electric Dryer HookupWasher Hookup
• Flooring: LaminateTileLuxury Vinyl
• A/C: Ceiling Fan(s)Heat Pump
• Heating: ElectricHeat Pump
• Fireplace: Fireplaces: 0

Exterior

• General: Storage
• Style: Other
• Parking: DrivewayConcrete

Construction

• Roofing: Metal
• Windows: Insulated Windows
• General: Vinyl Siding1Pillar/Post/PierSlab

Location

• Originating MLS: Tennessee/Virginia Regional MLS
• County: Greene

Lot

• Zoning: A-1085 01702 000

Utilities

• Utilities: Electricity ConnectedWater Connected
• Water: Public
• Sewer: Septic Tank

Financial

• Source: Tennessee/Virginia Regional MLS