HWY 27 Huntsville TN 37755

30-Lot Mobile Home Park | 200 Mayfield Private Drive | Helenwood, TN (Scott County)

Offered at $1,550,000 | Strong 11% Cap Rate | 25 Occupied Lots + Expansion Potential

Discover a well-maintained, income-producing mobile home park in Helenwood, Tennessee, offering immediate cash flow and future upside. This 30-lot community is currently 25 lots occupied, with one new lot under construction and four additional lots ready for homes — water and sewer already in place.

The property is park-owned homes and lots, generating consistent monthly rental income of $16,475, averaging $659 per unit. For the first six months of 2025 (Jan–July), the park produced $102,965 in gross rental income and $79,985 in net operating income, representing a strong, stable return. Annualized, that equates to an estimated $155,000 NOI, delivering a 10.0%–11.0% cap rate at the current asking price.

Located in Scott County, just minutes from downtown Helenwood and within driving distance to Oneida (10 min) and Knoxville (approx. 60 miles), the property benefits from a steady tenant base and growing demand for affordable housing across East Tennessee. Utilities are public water and sewer, with each lot individually metered — minimizing operating costs and maximizing scalability.

Property Highlights

• 30 Total Lots (25 occupied, 1 under construction, 4 ready for new homes)

• $16,475 current monthly income (~$197,700 annualized)

• Annualized NOI: ~$155,000

• Public water & sewer, individually metered

• Expansion potential: 5 additional homesites (utilities ready)

• All homes park-owned – simplified management and turnover control

• Easy access to Hwy 27 and Hwy 63, minutes from shopping, schools, and employers

• Strong 11% cap rate on actual income

Investment Opportunity

This park presents the perfect blend of stability and upside — strong current income with immediate room to grow by filling five vacant lots. With affordable lot/home rents compared to Knoxville and surrounding counties, new ownership can enjoy predictable returns with potential for rent increases and future asset appreciation.

Asking Price: $1,550,000
Cap Rate (Actual): ~11%
Cap Rate (Stabilized 30/30): ~11.5–11.8%
County: Scott County, TN
Address: 200 Mayfield Private Drive, Helenwood, TN

Property Highlights

• 30 Total Lots (25 occupied, 1 under construction, 4 ready for new homes)

• $16,475 current monthly income (~$197,700 annualized)

• Annualized NOI: ~$155,000

• Public water & sewer, individually metered

• Expansion potential: 5 additional homesites (utilities ready)

• All homes park-owned – simplified management and turnover control

• Easy access to Hwy 27 and Hwy 63, minutes from shopping, schools, and employers

• Strong 11% cap rate on actual income