Mobile Home Park - Seller Will Finance -Fully Rented - Louisville TN

Multi-Family for Sale
Catylist Listing ID: 30263923
Property Subtypes: Mobile Home Park
Number of Units: 4 Units
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $150,000
Unit Price: $37,500 Per Unit
Property Use Type: Investment
Building Name: Pearly Smith Mobile Home Park
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 14.04%
Average Occupancy Rate: 100
Gross Rent Multiplier: 5.01
Last Updated: 4/25/2018

Overview / Comments

Rare Louisville Mobile Home Park - Fully Rented - Seller Will Finance! This well located property is just off of Topside Rd. and just east of Pellissippi Parkway with excellent access to both Knoxville and Maryville. This sale includes 4 mobile homes on 4 rental pads on 1.5 acres. Subject to review of buyers financials, with a 20% down payment, seller will carry a first deed of trust at 5%, amortized over 15 years with a balloon 7 years from closing. No sign on property.
Square footage given is just an estimate. See attachments for financials and disclosures.
From I-140 (Pellissippi Pky) take the Topside Rd exit. Turn left onto Topside Rd and right onto Pearly Smith Rd.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 008 099.14
Percent Occupied: 100%
Highway Access: Excellent proximity to 140 (Pellissippi Parkway)
Airports: 10 minutes to Tyson McGhee
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 1
Year Built: 1982
Roof Type: Other
Construction/Siding: Modular
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal, Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,381 14,378 65,900
Median Age: 45.84 41.33 41.52
Households: 612 6,068 28,081
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.