Multi Family

Multi-Family for Sale
Catylist Listing ID: 30439861
Property Subtypes: Mobile Home Park
Number of Units: 16 Units
Building Size (RSF): 10,000 SF
Gross Land Area: 6 Acres
Sale Price: $450,000
Unit Price: $28,125 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Gross Rent Multiplier: 450,700
Last Updated: 6/11/2019

Overview / Comments

Mobile Home Park - 3 bedroom 2 bath home on the property for owner residency. 14 trailers, 2 bedroom , 1 bathroom. 1 trailer, 3 bedroom, 1 bathroom most units one is remodeled. Property is located on 6 acres of commercial property off Highway 127. Additional 16 acres for sale separately. Great potential to expand and turn most of it into an RV Park/beautiful house sites to build your dream home with amazing creek running on the back of the property. Approximately $100,800/yr of Gross income, and approximately $10,000/yr expenses with the owner as manager and taking care of maintenance. Units rent for $450 up to $700 per month. Possible owner financing. Price reduced to $450,000.00.

Additional Details

Nearest MSA: Crossville
County: Fentress
Tax ID/APN: Tax ID 149 051.00
Highway Access: Hwy 127
Site Description: Property is located on 24 acres, 6 acres are commercial property off Highway 127. The rest is pasture and woods with a big pond on the property. Great potential to expand and turn most of it into an RV Park/beautiful house sites to build your dream home with amazing creek running on the back of the property.
Total Number of Buildings: 16
Property Condition: Average
Year Built: 1978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,308 1,308 4,911
Median Age: 40.79 40.79 41.73
Households: 499 499 1,925

Contact

Photograph of Listing Agent

William Eilf

K W Cleveland Greater Chattanooga REALTORS® Member
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