Mobile Home Park for Sale

Multi-Family for Sale
Catylist Listing ID: 30740522
Property Subtypes: Mobile Home Park
Number of Units: 22 Units
Building Size (RSF): 17,000 SF
Gross Building Area: See Agent
Gross Land Area: 6.60 Acres
Sale Price: $1,200,000
Unit Price: $54,545.45 Per Unit
Property Use Type: Investment
Building Name: Happy Valley Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/6/2021

Overview / Comments

Happy Valley Mobile Home Park has 22 homes on site. Nineteen of the homes go with the park, and 3 homes pay lot rent. This is a well maintained MHP. Owner has made many improvements since ownership. New sewer and water lines in 2018 and new electric poles (18), to name a few.

There is one 1986 double wide. Twelve additional homes were added with various ages but mostly 2012 and 2013. A detailed list is available upon request.

Roofs are shingle. Each tenant pays their own electric and water, and mainitains there own yard area.

Financials upon request.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County
Tax ID/APN: 0020D-236
Zoning: R 3
Percent Occupied: 100%
Property Located Between: Hwy 41 and I75
Highway Access: Minutes to I75
Airports: Chattanooga Metropolitan Airport
Site Description: Well maintained; Genes and Waynes Ln connect into a cul-de-sac, quiet dead end street, ample amount of shade trees, quiet and cozy.
Area Description: Residential area.
Property Condition: Average
Parking Type: Surface
Parking Description: All homes have ample parking for unit size.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Air Conditioning: Other
Lot Frontage: 323
Lot Depth: 944
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: LLC
Legal Description: E L West Pt Blk F Landlot: 69 Landdist: 28/

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,430 31,286 98,110
Median Age: 36.45 39.95 39.05
Households: 1,268 12,400 40,412

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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