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

Multifamily Property For Sale

Mobile Home Park

1126 Hwy 51, Troy, TN 38260

Price:
$675,000
No. Spaces:
35
Price/Space:
$19,285.71
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
16%
Occupancy:
98%
Lot Size:
4.70 AC
Find Out More...

Last Verified 10/27/2009 Listing ID 15923122

Highlights

Owner will provide some financing.

Description

Park has 35 pads. 30 homes owned by the park, year model 1992 and up. Residents pay for electric. City water and garbage pickup. Park has room for 4 more pads and has 2 RV spots. Roads are a limestone material manufactured to pack like concrete.

Great location right on Hwy 51. Largest Goodyear plant in North America 7 miles from park. New Interstate 69 within a few miles of the park to begin construction soon. New 1000 acre industrial park developing within a few miles. More acreage may be available for additional pads.

Financial Summary

Actual
Year
2008
Net Operating Income
$101,221

Map of 1126 Hwy 51, Troy, TN 38260 (Obion County)

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Created 10/1/2008

Additional Information for 1126 N Us Highway 51 S, Troy, TN 38260

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 - Mobile Home Park

1126 Hwy 51, Troy, TN, 38260