1841 Main St Active Save Request In-Person Tour Request Virtual Tour
Jasper,TN 37347
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1314020
Year Built 1982
Lot Dimensions 769x180x381x150x402
Source East Tennessee REALTORS® MLS
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 & trash. 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 (pending city approval) with space to add 2-3 additional spaces 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.
Location
State TN
County Marion County
Rooms
Other Rooms Other
Interior
Heating Central,Propane,Electric
Cooling Central Cooling,Window Unit(s)
Flooring Laminate,Carpet,Vinyl,Tile
Window Features Windows - Insulated
Appliance Dishwasher,Microwave,Range,Refrigerator,Self Cleaning Oven,Other
Heat Source Central,Propane,Electric
Exterior
Exterior Feature Windows - Insulated
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal, Shingle
Garage No
Building
Faces Take I‑40 W for about 30 miles to the Exit 356 (I‑75 S toward Chattanooga). Merge onto I‑75 S and continue for approx. 20 miles to Exit 11 for US‑64 W/US‑72 W toward Kimball/Jasper. Stay on US‑64 W/US‑72 W, which is also Main St in Kimball, for about 10 miles into town. Continue on Main St until reaching 1841 Main St on your right.
Structure Type Vinyl Siding,Other
Others
Tax ID 119 059.02
Security Features Smoke Detector
Energy Description Electric, Propane
Acceptable Financing Other,Owner Will Carry,Alternative,New Loan,Cash,Conventional
Listing Terms Other,Owner Will Carry,Alternative,New Loan,Cash,Conventional