Payne Mobile Home Park & Residential House

Multi-Family for Sale
Catylist Listing ID: 30842194
Property Subtypes: Mobile Home Park
Number of Units: 11 Units
Building Size (RSF): 1,023 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $109,090.91 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/8/2023

Overview / Comments

Great investment opportunity located just off of Alcoa Hwy with
very little operating expense. 100% occupancy. This property includes 10 mobile homes and 1 residential house. All trailers have been updated with LVP flooring, painted cabinets & newer appliances. The residential home is a 3 bedroom 1 bath home with new siding.

Financials

Finance Data Year 2023
Potential Rental Income $139,200 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005026NA01500
Percent Occupied: 100%
Property Located Between: Just off Alcoa Hwy across from the airport
Airports: Knoxville Airport
Total Number of Buildings: 11
Year Built: 1950
Construction/Siding: Other
Parking Type: Other
Parking Description: On site parking
Sprinklers: Other
Heat Type: Electricity, Other
Heat Source: Central, Other
Fuel: Electric, Other
Air Conditioning: Other
Internet Access: Cable, Other
Interior Description: All trailers have been updated with LVP flooring, painted cabinets & newer appliances.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Easements Description: Check courthouse for all restrictions and easements.
Legal Description: Mobile home park with 10 trailers and 1 residential home.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,739 23,773 60,902
Median Age: 38.6 39.68 39.69
Households: 1,182 9,875 24,884

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