311 Thompson Rd - Manufactured Housing/Mobile Housing FOR SALE


Madisonville, TN 37354
$749,000 USD
865-405-3888
311 Thompson Rd, Madisonville, TN for Sale
$749,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 9.4% Cap Rate

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

Rare chance to acquire a 7-lot mobile home park 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

$749,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

7

PRICE/UNIT

$107,000

CAP RATE

9.4%

% 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

Rodney TaborMike Fuller Realty & CoMore Info
865-405-3888

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Rodney TaborMike Fuller Realty & CoMore Info
865-405-3888

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