39 Lot Mobile Home Park with Duplux

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30797476
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 41 Units
Building Size (RSF): 1,560 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $29,268.29 Per Unit
Property Use Type: Investment
Building Name: Morgan County Estates
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

39 lot value add mobile home park and duplex (Total 41 units) located in Wartburg, TN. This community currently has 28 lots filled and half of the duplex occupied. Current ownership has put around $400,000 in improvements over the last three years including new plumbing infrastructure, new pump/pump station, re graveled all roads, new railroad ties for each resident's home. The community is on city sewer and water. 20 of the homes are park owned homes rented or owner financed back to resident.

Additional Details

Nearest MSA: Knoxville
County: Morgan
Tax ID/APN: 065108 13800
Percent Occupied: 70%

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,571 7,638
Median Age: 38.06 38.23
Households: 1,242 2,072

Contact

Photograph of Listing Agent

Kevin Tipton

SVN I Wood Properties
NETAR CMLS Member
Photograph of Listing Agent

Cohl Morgan

SVN I Wood Properties Not a member of NETAR CMLS
Photograph of Listing Agent

Jon Roosen

SVN l Wood Properties
Not a member of NETAR CMLS
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