Commercial Sale in Jasper

$635,000

1841 Main St, 37347, Jasper, TN

Commercial Sale for sale in Jasper, 1841 Main St, 37347

1841 Main St, 37347, Jasper, TN

$635,000

Type: Commercial Sale

Description

Fully occupied ten-pad mobile home community on US Highway 41 in Kimball, three miles from I-24 and about 35 minutes from Chattanooga. All ten pads leased and current at $7, 850 per month, a $94, 200 annual gross potential. Stabilized year-one NOI of $62, 304 under third-party management, a 9.8% cap rate at $635, 000, and about $69, 773 NOI for an owner who self-manages, an 11.0% cap. Seven park-owned homes and three tenant-owned homes, with five park-owned homes on twelve-month leases and the balance month-to-month for rent-reset flexibility. Roughly $175, 000 in capital improvements completed since 2023, including forty-year metal roofs, PEX plumbing retrofits, metal underpinning on all park-owned homes, and mold remediation on four homes, with $25, 000 to $30, 000 of 2026 work in progress. Tenants pay electric, gas, and refuse direct. Municipal master-meter water with on-site septic. Seller financing available for qualified buyers. Full due diligence package on file for a fast close.

Location

1841 Main St, 37347, Jasper, TN

Data

Object TypeCommercial Sale
Purchase Price$635,000
Living Space0 m²
Plot Size11735.89 m²
BathroomsN/A
Construction Year1996
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1996
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent