Multi-Family for Sale
Catylist Listing ID: 30323834
Property Subtypes: Mobile Home Park
Number of Units: 29 Units
Building Size (RSF): 1,990 SF
Gross Building Area: See Agent
Gross Land Area: 4.58 Acres
Sale Price: $449,000
Unit Price: $15,482.76 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 97
Last Updated: 10/11/2018

Overview / Comments

Proven track record for investment. 29 pads bringing $100.00 a pad
for years. Seller does also own 116 Greystone. Each unit has its own
electric and water meters. Seller does provide dumpster for complex.
Tenants have been with seller for many years. Also, there is an abandoned
trailer for years that the sellers have not done anything with that could be
rehabbed and rented.

Additional Details

Nearest MSA: Newport
County: Cocke
Taxing Authority: COCKE COUNTY
Percent Occupied: 97%
Property Located Between: NEWPORT AND INTERSTATE 40 EXIT 432.
Highway Access: HWY 25/70
Total Number of Buildings: 29
Property Condition: Good
Year Built: 1986
Parking Type: Surface
Total Parking Spaces: 58
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 046 135.01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,825 10,517 18,216
Median Age: 40.01 39.99 41.36
Households: 854 4,455 7,611


Photograph of Listing Agent

Burlin Allen

Re/Max Between the Lakes
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