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31585824
31585780

190 Nobles Rd, Paris, TN 38242

WT
TN 379543
Charles Hawkins Co.
JS
TN 378070
Charles Hawkins Co.
Listed by Charles Hawkins Co.
$540,000
59 days on market
Updated 58 days ago

Nobles Road RV and Mobile Home Park

Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Pads 23
Cap Rate 10.83%
NOI $58,492

Mobile Home Park | 10.83% CAP | 23 Pads

Marketing description

The Charles Hawkins Co. is pleased to present the exclusive listing of Nobles 260 LLC, a 23-space mobile home park and RV resort located at 190 & 260 Nobles Road in Paris, Tennessee (Henry County, 38242). The property sits on approximately 9 acres and operates as a dual-income asset, generating revenue from both long-term mobile home tenants and a short-term RV resort component.

The park consists of 12 occupied mobile home lots, 10 RV spaces (2 long-term monthly and 8 short-term/nightly), and 3 offline spaces with value-add potential. The short-term RV operation features full hookup 50/30/20 amp service and includes a park-owned Puma RV currently listed on Airbnb. The property is professionally managed and has demonstrated consistent revenue growth represented by a 25% increase over three years. This is a cash-flowing asset with meaningful upside.

Paris, Tennessee offers a compelling investment backdrop. Situated 77 miles west of Nashville along U.S. Route 79, the city serves as the Henry County seat and is the regional gateway to Kentucky Lake, Land Between the Lakes National Recreation Area, and Paris Landing State Park. This location drives consistent RV and outdoor recreation tourism. The area's affordability-driven economy and stable working-class population base provide durable demand for affordable housing, making the mobile home component a reliable, low-turnover income stream.

eliable, low-turnover income stream.

Investment highlights

  • 23-spaces
  • ±9 acres
  • 12 occupied mobile home lots
  • 10 RV spaces - 3 long-term monthly and 7 short-term/nightly
  • Park-owned Puma RV currently listed on Airbnb for additional income
  • 2025 Normalized NOI of ±$58,000, up 25% over three years
  • Located 77 miles west of Nashville near Kentucky Lake and Land Between the Lakes
  • Professionally managed with consistent occupancy and low tenant turnover
  • 6 septic systems and 3 wells on-site

Listing Contacts

WT
TN 379543
Charles Hawkins Co.
JS
TN 378070
Charles Hawkins Co.
Listed by Charles Hawkins Co.

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,492.00
$4,874.33/mo

Valuation Metrics

0
DSCR
10.83%
Cap Rate
10.83%
ROI

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Additional Information

Name
Walker Tuten
License
379543
Brokerage
The Charles Hawkins Co
Title
Vice President, Brokerage
Name
Jake Stumb
License
378070
Brokerage
Charles Hawkins Co.
Brokerage Phone
6157881241
Title
Affiliate Broker
Brokerage Address
2920 Berry Hill Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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