Income Producing RV/Mobile Home Park Zoned Multi-Family with Sewer
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||Cash to Seller
Overview / Comments
OWNER MOTIVATED. DRASTICALLY REDUCED. Prime multifamily zoned property with city sewer access. This 18+ acre property is currently producing income as the Charleston Commons RV Park consisting of 35 RV pads with a 3,000+ square foot warehouse. Current monthly operational expenses are about $1,300 and the monthly rental income at this time is $3,375. The property is zoned R-2, High Density Residential, and has public sewer access making it a perfect site for a multifamily development, mobile homes or apartments. The location of this property is key, as it is central to major employers in the area: the Charleston Amazon Fulfillment Center is located just 4.1 miles away via TN-308, Bowater is located just 1.9 miles away via US-11, Olin Products is only 3.7 miles away via surface streets, and Wacker is just 3.8 miles away via TN-308. Chattanooga’s Volkswagen plant is also easily accessed from the property, as I-75 is only 3.9 miles away. Additionally, a Piggly Wiggly is located adjacent to the property providing added convenience for tenants.
The monthly operational expenses are: Electric $750, Water $425, WiFi $135.
Insurance and taxes are $2,500 annually.
Attachments & Media
||R-2 HIGH DENSITY RESIDENTIAL DISTRICT
||Chattanooga Metropolitan Airport (CHA) - 35 miles
|Number of Stories:
||This property is zoned R-2, High-Density Residential District by Bradley County, TN
||No direct frontage
||There are no known adverse easements. ***The land is accessed through an easement through the front parcel. (In appraisal this is assumed)
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