5 Unit Mobile Home Park on 4.5 Acres 644 Tate Loop 5 Unit Mobile Home Park $149,900 ($29,980/Unit) 13.34% Cap Rate Huntingdon, TN 38344
INVESTMENT HIGHLIGHTS
- Acreage
- near town
- 5 mobile homes
- near 1000 acre lake
EXECUTIVE SUMMARY
FIVE 1982 model 2 bedroom 1 bath Mobile homes on 4.5 acres currently all rented.. Unit 630 rents for $500.00/mo, Unit 638 rents for $500.00/mo, Unit 640 rents for $475.00/mo, Unit 642 rents for $500.00/mo, Unit 644 rents for $500.00/mo, All combined they brought in gross rent $27,475 per year with the net being $21,214 for year ending 2024. Buyer must have prior loan approval and/or proof of cash to purchase and a contract to purchase in place before tenants will be notified of any interior viewing of homes. Any buyer will be given a 15 day inspection period once contract is in place.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $149,900 |
| Price Per Unit | $29,980 |
| Sale Type | Investment |
| Cap Rate | 13.34% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Lot Size | 4.59 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1982 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 009095 00100 | Improvements Assessment | $14,920 |
| Land Assessment | $6,600 | Total Assessment | $21,520 |
