North Knoxville Mobile Home Park-Strong Occupancy-Nicely Kept

Multi-Family for Sale
Catylist Listing ID: 30183338
Property Subtypes: Mobile Home Park
Number of Units: 21 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $475,000
Unit Price: $22,619.05 Per Unit
Property Use Type: Investment
Building Name: Valley Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: 10.25%
Average Occupancy Rate: 95
Last Updated: 12/5/2017

Overview / Comments

North Knoxville Mobile Home Park- Terrific Occupancy- Nicely Kept. This well located property is just west of Maynardville Hwy and has excellent access to I-75 as well. This sale includes a two bedroom home, one mobile home on pad, and 19 rental mobile home pads. Residents pay all utilities including water and do the mowing and weed eating at their own lot. No sign on property, please do not disturb the residents. Square footage of the home is from tax records, is not guaranteed and should be verified by buyer.
Directions: Directions: From I-40 take I-640 to I-75N. Exit right on to Merchants Dr. At first light turn left onto Central Ave Pike. At Dry Gap turn right. Turn right onto Rifle Range & park is approx 2.8 Miles

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 048 066
Percent Occupied: 95%
Property Condition: Average
Number of Stories: 1
Roof Type: Gable
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,165 48,596 118,902
Median Age: 38.06 39.56 38.33
Households: 3,066 20,829 50,178
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