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

Multifamily Property For Sale

Reedy Creek Community

2677 Highway 11 W, Bristol, TN 37620

Price:
$576,600
No. Spaces:
25
Price/Space:
$23,064
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
9%
Occupancy:
80%
Lot Size:
3.50 AC
Find Out More...

Last Verified 10/31/2009 Listing ID 15815275

Description

This established park has 25 pads on 3.5 acres of land with six park owned homes. As a bonus, purchase of this property includes an additional 17 acres of farmland partially suitable for building sites. Alternatively, the extra acreage could be utilized for raising cattle / horses. Potential extra land lease income as well.

The property is conveniently located on State Highway 11 W near the city of Bristol, TN. The site is five miles from retail shopping and the regional hospital.

Financial Summary

Actual
Net Operating Income
$51,894

Map of 2677 Highway 11 W, Bristol, TN 37620 (Sullivan County)

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Presented by

TCI Group

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Contact Listing Broker

Rick Armstrong (276) 669-7121 Ext: 19

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Created 7/23/2008

Additional Information for 2677 Highway 11 W, Bristol, TN 37620

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.

Comparable Properties for 2677 Highway 11 W, Bristol, TN 37620

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Mobile Home/RV Community
Sold 3Q 2005

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 - Reedy Creek Community

2677 Highway 11 W, Bristol, TN, 37620