Louisville 12.6 CAP Mobile Home Park - 9 Units

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30324658
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 9 Units
Building Size (RSF): 1,378 SF
Gross Building Area: See Agent
Gross Land Area: 2.83 Acres
Sale Price: $400,000
Unit Price: $44,444.44 Per Unit
Property Use Type: Investment
Building Name: Little Dug Gap Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: 12.6%
Gross Rent Multiplier: 4.64
Last Updated: 9/18/2018

Overview / Comments

LOUISVILLE MOBILE HOME PARK - GREAT OCCUPANCY - 12.6 CAP RATE - GREAT LOCATION. Dug Gap Lake Mobile Home Park has been family owned and operated since 1995. Located on a prime corner on almost 3 acres, this sale includes a single family home (1,378 sqft as per tax records), 9 park owned mobile homes, one of which needs renovation. Convenient to Alcoa & Maryville, at the SW Corner of McCarty Road & Little Dug Gap allows for easy resident accessibility & rental. Park like surroundings, easy access to the lake, airport, shopping & Alcoa Highway helps keep this park fully rented & an excellent investment. No Sign on property. Please do not disturb the residents. All showings through listing agent. Square footage is estimated, is not guaranteed, & should be verified by buyer.
I-140 toward Maryville, take exit 9/Topside Rd & turn right onto Topside Rd/TN-333. Turn left onto Louisville Rd/TN-334, Enter next roundabout and take the 1st exit onto Miser Station Rd. Take the 1st right onto Little Dug Gap Rd. & bear right to stay on Little Dug Gap. Property is on the SW corner of McCarty Rd & Little Dug Gap Rd.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 025 216.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,380 10,150 58,490
Median Age: 42.56 44.69 38.83
Households: 539 4,125 23,430
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.