$$$ Immediate Cash Flow: 29-UNIT Mobile Home Park (TN) 11.65% CAP

Multi-Family for Sale
Catylist Listing ID: 30295318
Property Subtypes: Mobile Home Park
Number of Units: 29 Units
Building Size (RSF): 29,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.50 Acres
Sale Price: $895,000
Unit Price: $30,862.07 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.65%
Last Updated: 11/19/2018

Overview / Comments

Amazing opportunity to invest in a 29-UNIT Mobile Home Community with immediate CASH FLOW.

Located just off Hwy 27 and the Hixson Pike Exit in Soddy Daisy, this 5.5 acre maintained site boasts 29 pads currently with only (3) Vacant Pads.

**As an added bonus, the purchase of this park includes 22 mobile homes as only (4) are owned by renters.

Email or Call Broker today for Rental Projections and more details.

Broker: Chuck Davis 423.645.3785

Zoned: Soddy Daisy (MH): Mobile Home Park

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 049 007
Zoning: MHP
Property Located Between: Hwy 27 & Dayton Pike
Highway Access: Minutes away from Hwy 27 at Hixson Pike Exit.
Airports: Chattanooga Metropolitan Airport
Area Description: Surrounded by residential, mixed use retail, and some light commercial use properties. Quick interstate access.
Property Condition: Average
Number of Stories: 1
Roof Type: Other
Construction/Siding: Other
Parking Type: Surface
Parking Description: Parking available at each site.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Fuel: Electric
Air Conditioning: Other
Internet Access: Other
Zoning Description: Mobile Home Park
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Land Ownership: Owned by Individual
Legal Description: Clift Rd

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,663 11,142 27,171
Median Age: 42.23 41.79 41.02
Households: 695 4,297 10,556

Contact

Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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