Residential Income in Jasper

$635,000

1841 Main St, 37347, Jasper, TN

Residential Income for sale in Jasper, 1841 Main St, 37347, 9600 m²

1841 Main St, 37347, Jasper, TN

$635,000

9600
Type: Residential Income

Description

Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County. The numbers are real, not projected. Through the first six months of 2026 the community collected $45, 640 against $13, 003 in operating expense, an annualized run rate of $69, 296 net operating income at the $635, 000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic. Current ownership has invested roughly $175, 000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1, 869 per year. Marion County property taxes run about $1, 939 annually, and Tennessee has no state income tax. Seller financing is available to qualified buyers at $650, 000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days. Buyer to verify all information.

Location

1841 Main St, 37347, Jasper, TN

Data

Object TypeResidential Income
Purchase Price$635,000
Living Space9600 m²
Plot SizeN/A
BathroomsN/A
Construction Year1996
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeOther
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