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Kimball, TN MHP 1841 Main St 10 Unit Mobile Home Park $635,000 ($63,500/Unit) 7.35% Cap Rate Kimball, TN 37347
Investment Highlights
- 10 pad sites with the possibility to put more
- $150,000 recent capex already invested
- 7 park-owned homes, 3 tent-owned homes
- Value-add upside with stabilized in-place income
Executive Summary
Acquire a stabilized, small-format mobile home park with a clear value-add thesis and a strong foundation already in place. This 10-pad community sits on 2.9 acres and offers an attractive blend of park-owned revenue and tenant-owned stability — 7 park-owned homes generating direct rental income alongside 3 tenant-owned homes providing reliable pad rent with zero maintenance obligation.
Capital Work Is Done
Current ownership has deployed approximately $150,000 in capital expenditures over the last three years, meaning an incoming investor steps in with the heavy lifting largely behind them — no immediate capex surprises, just execution.
Identifiable Expense Reduction on Day One
Lawn maintenance has historically averaged approximately $5,100 annually, inflated by recurring storm-related cleanup costs rather than normal operations. A disciplined operator can attack this line item immediately through competitive landscaping contracts, storm-prep protocols, or targeted property improvements — converting excess expense directly into NOI.
Why Mobile Home Parks?
MHP assets continue to attract institutional and private capital alike due to low tenant turnover, affordable housing demand tailwinds, and limited new supply. This offering provides an accessible entry point into the asset class with the operational upside typically found in larger deals.
Capital Work Is Done
Current ownership has deployed approximately $150,000 in capital expenditures over the last three years, meaning an incoming investor steps in with the heavy lifting largely behind them — no immediate capex surprises, just execution.
Identifiable Expense Reduction on Day One
Lawn maintenance has historically averaged approximately $5,100 annually, inflated by recurring storm-related cleanup costs rather than normal operations. A disciplined operator can attack this line item immediately through competitive landscaping contracts, storm-prep protocols, or targeted property improvements — converting excess expense directly into NOI.
Why Mobile Home Parks?
MHP assets continue to attract institutional and private capital alike due to low tenant turnover, affordable housing demand tailwinds, and limited new supply. This offering provides an accessible entry point into the asset class with the operational upside typically found in larger deals.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,710
|
$8.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,710
|
$8.20
|
| Taxes |
$1,919
|
$0.20
|
| Operating Expenses |
$30,127
|
$3.14
|
| Total Expenses |
$32,046
|
$3.34
|
| Net Operating Income |
$46,664
|
$4.86
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,710 |
| Annual Per SF | $8.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,710 |
| Annual Per SF | $8.20 |
| Taxes | |
|---|---|
| Annual | $1,919 |
| Annual Per SF | $0.20 |
| Operating Expenses | |
|---|---|
| Annual | $30,127 |
| Annual Per SF | $3.14 |
| Total Expenses | |
|---|---|
| Annual | $32,046 |
| Annual Per SF | $3.34 |
| Net Operating Income | |
|---|---|
| Annual | $46,664 |
| Annual Per SF | $4.86 |
Property Facts
Amenities
Site Amenities
- Trash Pickup - Door to Door
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $725.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 119-059.02 | Total Assessment | $64,560 |
| Land Assessment | $47,040 | Annual Taxes | $1,919 ($0.20/SF) |
| Improvements Assessment | $17,520 | Tax Year | 2025 |
Property Taxes
Parcel Number
119-059.02
Land Assessment
$47,040
Improvements Assessment
$17,520
Total Assessment
$64,560
Annual Taxes
$1,919 ($0.20/SF)
Tax Year
2025
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Contact the Sale Advisor
Kimball, TN MHP | 1841 Main St