(2) East Tennessee Mobile Home Parks

Multi-Family for Sale
Catylist Listing ID: 30655567
Property Subtypes: Mobile Home Park
Number of Units: 52 Units
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Gross Land Area: 21 Acres
Sale Price: $1,850,000
Unit Price: $35,576.92 Per Unit
Property Use Type: Investment, Business
Building Name: (2) Blount County Mobile Home Parks
Sale Terms: Cash to Seller
Cap Rate: 6.71%
Average Occupancy Rate: 75
Last Updated: 11/27/2020

Overview / Comments

This offering consists of (2) Mobile Home Parks located in East Tennessee.

One park is in Friendsville between Maryville and Lenoir City. This Park is comprised of (35) pads on 14 acres with (4) Mobile Homes (2) of which are being sold for $700 per month (6.5 years/ 8 years remaining on term). (24) pads are occupied with several residents onsite over (19) years. The second park is located on Highway 411 South of Maryville on 6.8 acres and consists of (18) pads. Residents are responsible for utilities and both parks are on City Water. There is room for additional pads.

No Sign on Properties. Please do not disturb the residents.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 043 068.00
Zoning: R-1 RURAL DISTRICT 1
Percent Occupied: 75%
Property Located Between: Lenior City and Maryville/ South of Maryville
Highway Access: Friendsville Park located near Hwy 321 Maryville Park located on Hwy 411
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,386 25,408
Median Age: 45.75 43.17
Households: 2,569 9,711

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