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**11 CAP% GREAT LOCATION SEWER, INDV. PARCELS 39 Bruce Green Rd 17 Unit Mobile Home Park $1,300,000 ($76,471/Unit) 10.77% Cap Rate Dunlap, TN 37327
INVESTMENT HIGHLIGHTS
- UNITS IN TOWN WITHIN CLOSE WALKING DISTANCE TO WALMART, STORES AND RESTAURANTS
- ALL TENANTS PAY UTILITIES
- BRUCE GREEN LOTS INDIVIDUALLY PARCELED AS A PLATTED NEIGHBORHOOD WITH SCENIC MOUNTAIN VIEWS
EXECUTIVE SUMMARY
50% Down to owner finance.... On sewer and individual parcels city maintained roads. Located in the middle of town, walking distance to stores, 25 Minutes from DT Chattanooga. 17 Lots total that can be utilized now, one Residential stick built home. More expansion is possible. Park is individually metered for water, trash is included in the city services, Everyone at Mowes their own yard. Also with in walking distances to Walmart, McDonalds, brand new Jacks many other stores and restaurants. Property is on sewer with approximately 4.5 acres
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$165,000
|
$13.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$165,000
|
$13.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,000
|
$2.75
|
| Net Operating Income |
$132,000
|
$11.00
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $165,000 |
| Annual Per SF | $13.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $165,000 |
| Annual Per SF | $13.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $33,000 |
| Annual Per SF | $2.75 |
| Net Operating Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $11.00 |
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Garden |
| Price Per Unit | $76,471 | Lot Size | 4.50 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 10.77% | Average Occupancy | 95% |
| No. Units | 17 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2018 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Unit | $76,471 |
| Sale Type | Investment |
| Cap Rate | 10.77% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Lot Size | 4.50 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2018 |
| Opportunity Zone |
Yes |
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**11 CAP% GREAT LOCATION SEWER, INDV. PARCELS | 39 Bruce Green Rd
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