Joyce Wright
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SQUARE FEET9,600
MLS#3231819
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Fully occupied ten-pad mobile home community on US Highway 41 in Kimball, three miles from I-24 and about 35 minutes from Chattanooga. All ten pads leased and current at $7,850 per month, a $94,200 annual gross potential. Stabilized year-one NOI of $62,304 under third-party management, a 9.8% cap rate at $635,000, and about $69,773 NOI for an owner who self-manages, an 11.0% cap. Seven park-owned homes and three tenant-owned homes, with five park-owned homes on twelve-month leases and the balance month-to-month for rent-reset flexibility. Roughly $175,000 in capital improvements completed since 2023, including forty-year metal roofs, PEX plumbing retrofits, metal underpinning on all park-owned homes, and mold remediation on four homes, with $25,000 to $30,000 of 2026 work in progress. Tenants pay electric, gas, and refuse direct. Municipal master-meter water with on-site septic. Seller financing available for qualified buyers. Full due diligence package on file for a fast close.
Property Features
Property Type: Commercial - Business
Lot Size: 2.90 Acres
Roof Type: Metal
Year Built: 1996
Feature Descriptions
Days on Site: 18
Parcel#: 119 05902T004
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 8885195113
Shown By
Agent Name: Joyce Wright
Agent Phone: (615) 948-8416
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
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1841 Main St | MLS# 3231819
This commercial property located at 1841 Main St, Jasper, TN 37347 is currently listed for sale with an asking price of $635,000. Search Jasper real estate on joycewright.crye-leike.com today.