311 Thompson Rd - Manufactured Housing/Mobile Housing FOR SALE
Madisonville, TN 37354 |
$699,000 USD
865-405-3888
311 Thompson Rd
Madisonville, TN 37354
HIGHLIGHTS
- Currently generating consistent income with a reported NOI of $70,436 and clear value-add potential.
- Features seven single-story framed structures with a total rentable space of 6,190 square feet.
- Property includes essential infrastructure with water service and landscaped grounds.
- Located near Knoxville MSA, offering access to regional amenities and employment centers.
- Positioned in a quiet, rural setting with room for operational improvements and long-term growth.
OVERVIEW
Mike Fuller Realty & Co. is pleased to present the rare offering of this 7-lot mobile home park on 3.27 Acres of land in a desirable country setting. Currently producing good income with clear value-add potential through rent adjustments and property enhancements. Perfect for investors seeking steady cash flow with room to scale.
FOR SALE DETAILS
PRICE
$699,000 USD
PRICE/SF
$113 USD /SF
# OF UNITS
7
PRICE/UNIT
$99,857
CAP RATE
10.08%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
PARKING SPACES
16
LAND DETAILS
LAND ACRES
3.27 AC
LAND SF
142,441 SF
ZONING
-
APN/PARCEL ID
055-039.00,055-039.01
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
865-405-3888
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
865-405-3888
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
