Timberlake Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30505804
Property Subtypes: Mobile Home Park, Other
Number of Units: 11 Units
Building Size (RSF): 480 SF
Gross Building Area: See Agent
Gross Land Area: 5.57 Acres
Sale Price: $369,000
Unit Price: $33,545.45 Per Unit
Property Use Type: Investment
Building Name: Timberlake Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 82
Last Updated: 9/24/2019

Overview / Comments

Well established Mobile Home Park, with 9 Pads, a double wide lot (with double wide mobile home), a home and storage building. Great money maker. Currently, two mobile home lots are vacant and are available for Lease. The properties are easy to Rent and have a very good history of investment return. The house is two bedrooms, and one bath, with an additional room being used as a bedroom. The Park is comprised of one Double Wide and the remainder are single wide, with shared septic systems. No current issues are present with septic and sewer is available at an adjacent lot. Call for more information regarding income and for a scheduled tour.

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Tax ID/APN: 029 027.04
Zoning: A-1
Percent Occupied: 82%
Property Located Between: Winged Dear Park and Carroll Creek near Timberlake School
Highway Access: Property has over 500' of frontage along Timberlake Road
Airports: Tri Cities Regional Airport
Site Description: House and Mobile homes are all located along Timberlake Road, with a large portion of the tract not developed of the 5.57 acres.. The property does have grade changes along the road, but does provide good access.
Area Description: Property is in Washington County, TN just outside of the City of Johnson City and has views above the Carroll Creek area to Boone Lake.
Total Number of Buildings: 13
Property Condition: Good
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Other
Exterior Description: Mobile Homes have metal siding, storage and house have asphalt shingle roofs.
Parking Type: Surface
Parking Description: Around buildings.
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Other
Fuel: Electric
Air Conditioning: Window Unit, Other
Internet Access: Cable
Interior Description: Properties are in various phases, and most have been renovated.
Zoning Description: A-1, intended for agricultural and agricultural support uses, along with supportive housing and businesses conforming to the WCRPC specifications.
Lot Frontage: 550
Lot Depth: 600'
Water Service: Municipal
Sewer Type: Septic
Easements Description: Normal Easements for utilities,
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,466 24,776 66,485
Median Age: 39.54 43.44 41.06
Households: 2,519 10,774 28,964

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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