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Listed by Gabrielle (Gabbie) McIntosh • eXp Realty
$ 635,000
Est. payment | /mo
9,600 SqFt
$ 635,000
Est. payment | /mo
9,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $66
MLS Listing ID 3231819
Year Built 1996
Lot Size 2.900 Acres
Acres 2.9
Property Sub-Type Mixed Use
Property Description
Ten-pad manufactured housing community on US Hwy 41 in Kimball, about 3 miles from I-24 and 35 minutes from Chattanooga. Seven park-owned homes plus three resident-owned homes on lot rent. Scheduled rent is $7,975 a month ($95,700 a year). Residents pay electric, gas and refuse; owner pays water. On-site septic, three tanks serviced April 2026. Rebuilt since 2023: new metal roofs, metal underpinning on every park-owned home, PEX plumbing, subfloors, mold remediation and drainage work. Broker-underwritten NOI shows a 9.9% cap rate at list price, with room to grow through rents, a water bill-back and self-management. Seller financing available to qualified buyers. Title work complete.
Location
State TN
County Marion County
Zoning C-2
Interior
Fireplace N
Exterior
Roof Type Metal
Others
Special Listing Condition Standard
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