Leaders in Homes • Estates • Land • Farms for 3 Decades

471 Grayson Way, Signal Mountain, TN 37377 (MLS # 1529702)

Price $450,000
Status Active
Beds 6
Baths 3 Baths
Home size 2,250 sqft
Lot Size 1.77 ac
Days on Market 101
This is a high-yield, utility-ready portfolio designed for the sophisticated mobile home investor. Situated in the sought-after Signal Mountain market, this offering consists of three distinct parcels, each providing independent infrastructure that drastically reduces the barrier to entry and ongoing overhead. Unlike typical park deals, this property offers the autonomy of individual land ownership with the scalability of a multi-unit operation. The first parcel features a 3-bedroom, 2-bathroom double-wide that is fully renovated and ready for immediate tenant placement. The second parcel contains a 3-bedroom, 1-bathroom single-wide, also in rent-ready condition. Both existing units have been professionally detitled, streamlining the path for conventional financing or a clean future exit. The third parcel is a prepared, vacant lot that serves as the immediate value-add play. It is already equipped with its own dedicated power pole, water connection, and septic system. This allows an investor to move a third unit onto the site and achieve a 100 percent occupancy rate without the typical delays associated with permitting and utility installation. The strategic layout of separate utilities for every lot ensures simplified management and clear cost allocation. With all units currently vacant, the buyer can set market-rate rents from day one in a location known for high demand and limited inventory. This is a rare, plug-and-play assembly of assets that balances immediate cash flow with significant equity upside.
Property Type(s): Single Family
Last Updated 3/4/2026 Tract None
Year Built 1994 Garage Spaces 2.0
County Sequatchie

SCHOOLS

Elementary School Griffith Elementary School
Jr. High School Sequatchie Middle
High School Sequatchie High

Additional Details

CONSTRUCTION Other
EXTERIOR Other
GARAGE Attached Garage, Yes
HEAT Other
LOT 1.77 acre(s)
LOT DESCRIPTION Other
LOT DIMENSIONS 145X181
PARKING Other, Attached, Garage
SEWER Septic Tank
SUBDIVISION None
TAXES 186.41
UTILITIES Water Connected
WATER Public

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Todd Henon to contact you even if your name is on a Federal or State "Do not call List".

Listing Courtesy of Oak and Willows Real Estate Collective PLLC

IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the MLS.

Keller Williams Realty does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded.

This site was last updated on 6/9/26 3:31 PM PDT

Copyright© 2002 by Chattanooga Association of REALTORS®

This IDX solution is (c) Diverse Solutions 2026.

Email a Friend
  • 3 Decades Serving TN, GA, AL
  • Top 1% in Sales, Greater Chattanooga
  • Chatt’s 1st Accredited Land Consultant: investment, recreational, development, conservation, agriculture
  • 10 Years  Licensed TN General Contractor
  • Elite Client Services: Award-Winning Marketing Specialists, Contracts Managers, Research & Logistics Experts
  • Relocation Specialists for University of TN Chatt, Erlanger Hospital
  • Realtors Land Institute, TN Board Member
  • 4-Generation Chattanoogan,
    Todd Henon

Todd Henon Properties 423.413.4507 direct Info@ToddHenon.com Keller Williams Realty Greater Downtown Realty 1830 Washington Street Chattanooga, TN 37408 423.664.1900

cropped-THP-Artwork-Only-01.png
DIFFERENCE

TOP 1% SALES

GREATER CHATTANOOGA

3 DECADES

SERVING TN, GA, AL

10 YEARS

LICENSED TN GENERAL CONTRACTOR

#1 LAND SALES

GREATER CHATTANOOGA

CHATT’S FIRST
ACCREDITED LAND CONSULTANT

INVESTMENT RECREATIONAL
DEVELOPMENT CONSERVATION
AGRICULTURE

TN

VICE PRESIDENT

RELOCATION

SPECIALISTS

FOR UNIVERSITY OF TN CHATT, ERLANGER HOSPITAL
AGENTS OF CHOICE

ELITE CLIENT

SERVICES

AWARD-WINNING MARKETING
SPECIALISTS, CONTRACT MANAGERS,
RESEARCH & LOGISTICS EXPERTS

4 GENERATIONS

CHATTANOOGAN
TODD HENON

CONTACT US

TODD HENON PROPERTIES

423.413.4507 info@ToddHenon.com

KELLER WILLIAMS REALTY

GREATER DOWNTOWN

1830 Washington Street Chattanooga, TN 37408 423.664.1900