102 Claude Simmons Rd - Manufactured Housing/Mobile Housing FOR SALE


Johnson City, TN 37604
$1,199,000 USD
423-343-3238
102 Claude Simmons Rd, Johnson City, TN for Sale
$1,199,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | Request Cap Rate

102 Claude Simmons Rd
Johnson City, TN 37604


HIGHLIGHTS

  • Individually Metered
  • Great Johnson City Location
  • High occupancy demand

OVERVIEW

Well-maintained 18-unit mobile home park offering strong cash flow and solid investment. The park includes 7 park owned homes and 11 tenant owned homes paying lot rent. All lots are rented providing immediate income. Each lot is separately metered for water and electricity. This is an ideal asset for investors seeking stable returns. Solid occupancy and demand for affordable housing make this a compelling addition to any portfolio. No seller financing available.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$5 USD /SF

# OF UNITS

18

PRICE/UNIT

$66,611

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.21 AC

LAND SF

226,948 SF

ZONING

R-2

APN/PARCEL ID

052-202.01-203

ASK ABOUT THIS PROPERTY

Rachel SmithKeller Williams KingsportMore Info
423-343-3238

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Rachel SmithKeller Williams KingsportMore Info
423-343-3238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.