Link to Deal Room & Financials: https://www.marcusmillichap.com/properties/177062/page-street-mhp
Marcus & Millichap has been selected to exclusively market for sale the Page Street MHP in Springfield, TN. This offering will allow a potential investor to purchase a rare investment opportunity located in the Nashville, TN MSA.
Page Street Mobile Home Park presents a compelling value-add investment opportunity in Springfield, TN, just 40 minutes (28.5 miles) from Nashville via Interstate 24. Conveniently located near major retailers, grocery stores, restaurants, and shopping centers. The park consists of 10 single-wide homes, with 9 park-owned homes (POH) and 1 tenant-owned home (TOH). With below-market rents, new ownership has the opportunity to increase rents by $102 per unit to align with market rates, unlocking immediate revenue growth.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE PAGE STREET MHP.