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Pecan Circle Mobile Home Community 
4340 Raleigh Millington Road
Memphis, Tennessee 38128
County: Shelby
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| Type: | Multifamily
Mobile Home/RV Community |
| No. Spaces: | 50 |
| Lot Size: | 348,840 SF |
| Price: | N/A |
| Price/Space: | N/A |
| Cap Rate: | 8.30% |
| Cash On Cash: | 10.38% |
| Year Built: | 2000 |
Date Last
Verified: | 1/5/2009 |
| Property ID: | 15240776 |
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Property Description:
PECAN CIRCLE: Memphis Mobile Home park located in good area with high demand. 50 Space park with 43 newer model park owned homes. Owner is an expert at developing and rehabiliting parks. This property is a prime expample of his expertise. 8+ acres, 6acres developed, 2acres for expansion. Park rentals go for an average of $550 per month, lot rentals $190mo. New sewer and water lines. Some new pavement. Very well managed and clean park in the Raleigh area of Memphis, TN. This property is perfect for Investors interested in the Lease Purchase strategy for Mobile Homes. The condition of the park owned homes is excellent. Management is at the property daily while managing another larger park nearby.
PLEASE DO NOT GO ON SITE WITH APPOINTMENT. DO NOT CONTACT MANAGEMENT, OWNER OR TENANTS.
Location Description:
lOCATED IN THE RALEIGH AREA OF MEMPHIS, TN. GOOD JOB NUMBERS. LOTS OF MULTIFAMILY PROPERTIES NEARBY INCLUDING TWO VERY LARGE CORPORATE OWNED MOBILE HOME PARKS.
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