$650,000

1841 Main St, Jasper, TN 37347

  • 9,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $68/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric and city water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential with space to add 2–3 additional homes and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region’s robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee’s most promising investment markets.

Listing Status:
Active
Listing Office:
eXp Realty : 8885195113
Listing Agent:
Gabrielle (Gabbie) McIntosh : 2623374567
MLS ID:
2867530
  • Laundry: IndividualElectric Dryer HookupWasher Hookup
  • Flooring: LaminateVinyl
  • A/C: Electric
  • Heating: ElectricPropane

This listing courtesy of Gabrielle (Gabbie) McIntosh, eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jasper Elementary School

495 Warrior Dr, Jasper, TN, 37347

Grades PK-4

3.26 miles away

J

Jasper Middle School

601 Elm Ave, Jasper, TN, 37347

Grades 5-8

2.36 miles away

M

Marion Virtual High School

204 Betsy Pack Dr, Jasper, TN, 37347

Grades 9-12

2.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.