North Knox Mobile Home Park 20% Cash on Cash Return

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30182594
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 16 Units
Building Size (RSF): 6,164 SF
Gross Land Area: 1.46 Acres
Sale Price: $400,000
Unit Price: $25,000 Per Unit
Property Use Type: Investment
Building Name: Pinewood Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: 12.54%
Last Updated: 1/31/2018

Overview / Comments

North Knoxville Mobile Home Park - Good Occupancy - Strong Cash Return. This well located property is near the corner of Clinton Highway and Hickory St with easy access to I-75. This sale includes 12 mobile homes and 4 mobile home rental pads on two lots. Parcel ID numbers are:068JC041 & 068JC042. Addresses are 817 & 819 Hickory St. No sign. All showings by appointment.

From I-40, take I-275 North to Clinton Hwy. Turn right onto Hickory St. Pinewood Mobile Home Park is on the left,

Additional Details

Nearest MSA: Knoxville
County: Knox
Submarket Type: Suburban
Tax ID/APN: 068JC041 & 068JC042
Percent Occupied: 87%
Property Condition: Fair
Number of Stories: 1
Construction/Siding: Other
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,224 62,812 172,574
Median Age: 39.44 35.36 34.68
Households: 2,255 26,571 71,851
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