= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Memphis, TN or Tennessee

Multifamily Property For Sale

Memphis Mobile Home Park

1320 Ferguson, Memphis, TN 38106

Price:
$775,000
No. Spaces:
50
Price/Space:
$15,500
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
11.45%
Occupancy:
80%
Year Built:
1973
Lot Size:
6.30 AC
Find Out More...

Last Verified 10/13/2009 Listing ID 15072299

Highlights

Good Area
Excellent Investment
Room For Expansion

Clean Park
Well Managed
Near Interstate

Description

Bank and owner financing available for this property. 30 yr Amortization!
Great opportunity to purchase this mobile home park in Memphis just off of Elvis Presely Blvd. 51 Lots, 1 used for storage, 1 for shop, 1 for office leaving. 49 lots. 37 lots have park owned homes 12 used for lot rentals only. The park owned homes are in astonishingly good condition, most are fully furnished including appliances. Locally owned and operated by father and son team. Very clean park, nothing left undone. Owner is retiring. 3 acres of undeveloped land included in the purchase as part of the same parcel. A FEW CHANGES IN MANAGEMENT STYLE WILL RESULT IN EVEN BETTER CASH FLOW. Very popular rental product. This is about the cleanest park you will ever see. Expand the park to for wider homes for lot rentals. Superior product to others in the area.
BE SURE TO LOOK AT THE FINANCIALS ON THIS ONE!

Near interstate junction 240 and 55. Close to airport.

Financial Summary

Debt & Equity Information

Proforma
Year
2006

Map of 1320 Ferguson, Memphis, TN 38106 (Shelby County)

Hide Map

Contact Listing Broker to find out more details.

Request additional information

Contact Listing Broker

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 4/2/2007

Additional Information for 1320 Ferguson Road, Memphis, TN 38106

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - Memphis Mobile Home Park

1320 Ferguson, Memphis, TN, 38106