Two Mobile Home Parks

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30830980
Property Subtypes: Mobile Home Park
Status: Pending/Contingent
Number of Units: 53 Units
Building Size (RSF): 1,800 SF
Gross Land Area: 21 - 22 Acres
Sale Price: $1,500,000
Unit Price: $28,301.89 Per Unit
Property Use Type: Investment, Business
Building Name: Sleepy Hollow and Allendale MHP
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 75
Last Updated: 1/26/2023

Overview / Comments

Sleepy Hollow on US 411-S & Sagebrush Way features 18 spaces on 7.5 acres. Pleasant rural feel, adjacent to woods. Located between Maryville & Vonore. About 10 miles to downtown Maryville or Denso.
Allendale off Hamil Rd near Unita in Friendsville features 35 spaces. This neighborhood has lots of green space and is only 7 minutes to Whispering Cove Marina and 12 minutes to free public boat launch.
Sale includes 3 livable mobile homes, 2 older mobile homes used for storage, 3 sheds, 2020 John Deer Commercial mower, 2006 Ford F150 with utility trailer.
Tenants mow their own lawn and pay owner for water. Owner collects personal property/title tax from tenants.
Current owner is satisfied with lower occupancy rate because they do not advertise, require 650 credit score, do not allow sub-leasing, and do not own mobile homes to rent out.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount Co.
Tax ID/APN: 00508908701 & 4306800
Zoning: R-1
Percent Occupied: 75%
Property Located Between: Maryville and Friendsville
Highway Access: 411-S about 10 miles from downtown Maryville
Zoning Description: R-1
Water Service: Municipal
Sewer Type: Septic
Easements: Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,678 8,644 22,493
Median Age: 43.68 42.25 41.94
Households: 665 3,331 8,703

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