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