1841 Main ST Active Save Request In-Person Tour Request Virtual Tour
Jasper,TN 37347
Key Details
Property Type Mobile Home
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $541
MLS Listing ID 1512405
Style Other
Year Built 1980
Lot Size 3.130 Acres
Property Sub-Type Mobile Home Park
Property Description
Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric and city water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential (pending city approval) with space to add 2-3 additional spaces and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region's robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee's most promising investment markets. Professional photos coming soon!
Location
State TN
County Marion
Area 3.13
Interior
Heating Electric,Propane,Other,See Remarks
Cooling Varies by Unit,Window Unit(s)
Flooring Laminate,Vinyl,See Remarks
Inclusions Land, Park Owned Mobile Homes, Property Manager electing to stay on after sale.
Equipment Other
Laundry In Unit,See Remarks
Exterior
Exterior Feature Lighting,Storage,Other
Parking Features Driveway,Gravel,Off Street
Garage Description Driveway, Gravel, Off Street
Pool None
Utilities Available Electricity Connected,Water Connected,Other,See Remarks
View City,Rural,Skyline,Trees/Woods,See Remarks
Roof Type Metal,Other,See Remarks
Building
Lot Description City Lot,Cleared,Level,Rural,Views,See Remarks
Story One
Foundation Pillar/Post/Pier,See Remarks
Sewer Septic Tank,See Remarks
Water Public,See Remarks
Structure Type Metal Siding,Vinyl Siding,Other
Schools
Elementary Schools Jasper Elementary
Middle Schools Jasper Middle
High Schools Marion County High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Pets Allowed Yes,Call,Cats OK,Dogs OK
Virtual Tour https://properties.615.media/sites/aapzqaa/unbranded