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

Multifamily Property For Sale

Deer Hollow

1886 Red Fox Trail, Clarksville, TN 37042

Price:
$990,000
No. Spaces:
44
Price/Space:
$22,500
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Multifamily (land)
Residential (land)
Property Use Type:
Investment
Cap Rate:
6.09%
Occupancy:
70%
Lot Size:
26.57 AC
Find Out More...

Last Verified 10/13/2009 Listing ID 15814188

Description

Rare opportunity to purchase entire platted mobile home subdivision! Very attractive property with excellent growth prospects and opportunity to increase cash flow now. Currently operated as income producing mobile home park, but has potential to convert to single family subdivision. Property consists of 44 lots with county roads and utilities in place. Tenants own homes and lease lots from the Seller. Current lot rents are $195 / mo. 31 lots currently occupied. Expense info available. Most lots are at least 0.50 acre lots with 120 + feet of frontage. Seperate utilities in place for all lots. Ideal for purchase and improvement of income stream now and hold for future development.

Deer Hollow is located just outside the city limits of Clarksville,TN (130,000+) near Ft. Campbell.

Financial Summary

Proforma
Year
2009
Scheduled Gross Income
$72,072
Operating Expenses
$11,721
Net Operating Income
$60,351

Map of 1886 Red Fox Trail, Clarksville, TN 37042 (Montgomery County)

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Presented by

Prudential Professionals Realty

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Contact Listing Broker

Jason Daugherty (931) 920-6792

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Created 7/22/2008

Additional Information for 1886 Red Fox Trail, Clarksville, TN 37042

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.

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Multifamily Property For Sale - Deer Hollow

1886 Red Fox Trail, Clarksville, TN, 37042