TN
Marion County
Jasper
37347
1841 Main St
1841 Main St, Jasper, TN 37347
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Listing Type
Multi Family
Listing Status
Active
11
$650,000

Home Details for 1841 Main St

Price
$650,000
Type
Residential Income
Year built
1982
County
Marion County
Days on site
2
MLS Listing#
1314020
Property Description

Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric & trash. City water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential (pending city approval) with space to add 2-3 additional spaces and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region's robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee's most promising investment markets.

Property Features
  • Heating Information
    • Central
    • Propane
    • Electric
  • Cooling Information
    • Central Air
    • Window Unit(s)
  • Parking
    • On Site
Listing Courtesy: eXp Realty, LLC - 888-519-5113
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EXIT TLC REALTY
149 Kelsey Lane Suite 102, Lenoir City, TN 37772
Office
865 816 3094
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