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Stephen Gillean

stephengillean@simplihom.com +1(615) 414-6759

Listed by Gabrielle (Gabbie) McIntosh • eXp Realty

$ 635,000

Est. payment -/mo

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Active

1841 Main St Jasper, TN 37347

9,600 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $66

MLS Listing ID 3231819

Year Built 1996

Lot Size 2.900 Acres

Acres 2.9

Property Sub-Type Mixed Use

Property 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

State TN

County Marion County

Zoning C-2

Interior

Fireplace N

Exterior

Roof Type Metal

Others

Special Listing Condition Standard

Nearby Locations

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+1(615) 414-6759

stephengillean@simplihom.com