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MHP in Jasper
Mobile Home Park/w 1,566sf House
Listing Contacts
Active
Asking Price: $700,000
Address
Rankins Cove Church Rd, Jasper, TN 37347
Show on MapDate Added
Mar 15, 2024
Days on Market
401 days
Time Since Last Update
5 days
Details
Property TypeMobile Home Park
Occupancy61.11%
Units18
Year Built1993
ZoningCommercial/Residential
Lot Size (acres)5.5
Marketing Description
This sale includes three contiguous lots. The first lot is 3.16 acres and comprises most of the mobile home park, 12 trailer lots. Currently, there are 6 trailer lots leased ($840.00 per month total). The second lot is 1.33 acres and has 5 trailer lots of which 4 are leased ($465.00 per month total). This park is a value-add property opportunity. All trailers are tenant owned. The park has been owned by the same family and operating since 1996. The third lot is 1.01 acres and has an all brick 1,566 sf house that leases for $1350 per month. Total property yearly income is $31,860.
The 3.16 acres are zoned commercial. Rezoning the remaining 2.34 residential acres to commercial or all to industrial would yield a total of 5.5 commercial/industrial acres making it a prized location for any type of business along the interstate. This property is located next to I-24 which is a major link from Chattanooga to Nashville. The exit ramp is behind the 1.01 acres. The property is located across from Love’s travel center and south of Speedway.
Investment Highlights
Located at Exit 158 on I-24
Across from Love’s and Speedway
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Loan Amount
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ROI
Property History
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Due Diligence
Listing Contacts
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