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30972755
30972756

311 Thompson Rd, Madisonville, TN 37354

Mike Fuller Realty & Company
Listed by Mike Fuller Realty & Company
$699,000
642 days on market
Updated 1 day ago

Mobile Home Park

Details
APN 055 03901
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 6,190
Units 7
Cap Rate 9.40%
NOI $70,436
Price per SqFt $5
Price Per Acre $208,516
Buildings 7
Stories 1
Acreage 3.360

Multifamily | 7 Units | $99,857/unit

Marketing description

Mike Fuller Realty & Co. is pleased to present the rare offering of this 7-lot mobile home park on 3.27 Acres of land in a desirable country setting. Currently producing good income with clear value-add potential through rent adjustments and property enhancements. Perfect for investors seeking steady cash flow with room to scale.

Investment highlights

  • Land Size: 146213 SF

  • Currently generating consistent income with a reported NOI of $70,436 and clear value-add potential.

  • Features seven single-story framed structures with a total rentable space of 6,190 square feet.

  • Property includes essential infrastructure with water service and landscaped grounds.

  • Located near Knoxville MSA, offering access to regional amenities and employment centers.

  • Positioned in a quiet, rural setting with room for operational improvements and long-term growth.

Listing Contacts

Mike Fuller Realty & Company
Listed by Mike Fuller Realty & Company

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,436.00
$5,869.67/mo

Valuation Metrics

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DSCR
10.08%
Cap Rate
10.08%
ROI

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