Mobile Home Park with adjoining Vacant Commercial Lot

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30800978
Property Subtypes: Mobile Home Park
Status: Pending/Contingent
Number of Units: 10 Units
Building Size (RSF): 1,200 SF
Gross Building Area: See Agent
Gross Land Area: 2.80 - 1.08 Acres
Sale Price: $379,900
Unit Price: $37,990 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 10
Last Updated: 5/17/2022

Overview / Comments

Mobile home park for sale in Kimball, TN. A mile from Marion County Regional Institute of Higher Learning. The property on 2.8 acres includes 6 park owned mobile homes with separate garage. There are 4 tenant owned mobile homes which rent space. The 1.08 vacant commercial lot next door is not included in this price but can be purchased.
4 Tenant owned rent space only=$1075 per month

6 Park owned rental included in sales price=$3250

Neighboring 1.08-acre Commercial Lot Listed for sale for $99,000. Map and Parcel 119. 059.07.

Additional Details

Nearest MSA: Chattanooga
County: Marion
Taxing Authority: Town of Kimball, Marion County
Tax ID/APN: 05811905902
Percent Occupied: 100%
Property Located Between: South Pittsburg and Jasper, TN
Highway Access: Fronts Main Street. Approximately 3 Miles to I-24
Airports: Marion County Airport, Lovell Field, Chattanooga
Site Description: 6 Park owned mobile homes, with 1200 sq ft garage.
Total Number of Buildings: 1
Property Condition: Fair
Year Built: 1994
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 10
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial
Lot Frontage: 402
Lot Depth: 769
Water Service: Municipal
Sewer Type: Septic
Easements: Electric Lines, Utilities
Legal Description: Map 119 Parcel 059.02

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,043 5,486 11,640
Median Age: 46.27 44.21 42.69
Households: 448 2,256 4,778


Photograph of Listing Agent

Denise Leach

United Real Estate Experts Greater Chattanooga REALTORS® Member
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