1841 Main St - Multi-Family FOR SALE


Kimball, TN 37347
$635,000 USD
912-856-3548
1841 Main St, Kimball, TN for Sale
$635,000 USD
Multi-Family - FOR SALE
1/11
null | 7.35% Cap Rate

1841 Main St
Kimball, TN 37347


HIGHLIGHTS

  • 10 pad sites with the possibility to put more
  • 7 park-owned homes, 3 tent-owned homes
  • $150,000 recent capex already invested
  • Value-add upside with stabilized in-place income

OVERVIEW

Acquire a stabilized, small-format mobile home park with a clear value-add thesis and a strong foundation already in place. This 10-pad community sits on 2.9 acres and offers an attractive blend of park-owned revenue and tenant-owned stability — 7 park-owned homes generating direct rental income alongside 3 tenant-owned homes providing reliable pad rent with zero maintenance obligation. Capital Work Is Done Current ownership has deployed approximately $150,000 in capital expenditures over the last three years, meaning an incoming investor steps in with the heavy lifting largely behind them — no immediate capex surprises, just execution. Identifiable Expense Reduction on Day One Lawn maintenance has historically averaged approximately $5,100 annually, inflated by recurring storm-related cleanup costs rather than normal operations. A disciplined operator can attack this line item immediately through competitive landscaping contracts, storm-prep protocols, or targeted property improvements — converting excess expense directly into NOI. Why Mobile Home Parks? MHP assets continue to attract institutional and private capital alike due to low tenant turnover, affordable housing demand tailwinds, and limited new supply. This offering provides an accessible entry point into the asset class with the operational upside typically found in larger deals.

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

10

PRICE/UNIT

$63,500

CAP RATE

7.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kimball, TN MHP

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

C-2

APN/PARCEL ID

119 059.02

ASK ABOUT THIS PROPERTY

Chad FriedmanKeller Williams Realty | KW CommercialMore Info
912-856-3548

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Chad FriedmanKeller Williams Realty | KW CommercialMore Info
912-856-3548

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