Pine View Estates - for Sale in Murfreesboro, Tennessee

3455 Mt. Tabor Rd.
Murfreesboro, TN 37127
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Sale Price: $740,000
Photo of Mobile Home Park
Photo of Mobile Home Park

Seller Information

Sam Morris

Mobile Home Park for Sale

Size: 5 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, Seller Financing, Assumable Loan
Status: Active
Property ID: 19477
Posted on: Feb 04, 2011
Updated on: Aug 11, 2011
Price: $740,000

Property Description

This is a 5ac park with 23 lots and zoned for 5more, city water inclued in rent and 8 septic, incudes a 2150 sf

brick home 3bd 2 ba with garage and shop . Paved entrance others graveled . 20 park owned homes.Onsite maintance and mgr. if needed , Remodled homes in quiet older park with trees and shade, 25% down assume 280k@ 6% owner fin bal.OWNER MOTIVATED CALL 615-410-7812 with offer or?

Location Description

In fast growth Rutherford co. [pop 180k+ , 30 min. to Nashville Tn. and min to shopping and industrial area and 2blocks to elem.and middle schools. .Just 2 miles to I 24 . New mall complex Zoned and approved to be one mile from here

Park Information

Size:5.0 acre(s)

Financial Information (Pro Forma)

Gross Income$100,000
Operating Expense$18
Expense Ratio 0.0%
Debt Info

Lot Information

Singlewide Lots:23

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:20
Average Rent for Park-owned Homes: $500