Johnson City Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30805403
Property Subtypes: Mobile Home Park
Number of Units: See Agent
Building Size (RSF): 600 SF
Gross Building Area: See Agent
Sale Price: $725,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/3/2022

Overview / Comments

ATTENTION INVESTORS!! Looking for a profitable investment? Generating a lucrative return, this 18 unit mobile home park has it all! Equipped with 19 pads that are currently 95% occupied, and metered separately for water, and electric; this park comes with an established tenant base along with a 5+ acre tract located in the heart of Jonesborough off of Claude Simmons and W Market St. There are currently 7 mobile homes that are owned, along with 1 that is being RTO, and the remaining 10 units pay lot rent only. Conveniently located, and priced to sell at 10% cap rate; this investment opportunity will not last long at $725k. Call today to schedule your appointments! Rent roll is uploaded on MLS. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090 052 20201 000 2020
Percent Occupied: 95%
Property Located Between: Jonesborough and Johnson City
Highway Access: Less than a mile from 11E
Total Number of Buildings: 19
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,844 25,251 63,922
Median Age: 40.44 40.78 40.14
Households: 1,851 10,957 26,915


Photograph of Listing Agent

Garrett Addington

The Addington Agency
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