Listing Broker: Paul Schaaf
Contact Paul Schaaf: +1-678-932-0200

CUMBERLAND COUNTY, TN - The MHP Broker is pleased to present the opportunity to purchase this 60-lot Mobile Home Park, centrally-located along the Cumberland Plateau. The property's proximity to I-40 and US-70 quickly connects Cumberland County to Nashville, Chattanooga, and Knoxville. With no state income tax and its recognition as the ‘Golf Capital of Tennessee’, this area is a desirable one for retirees. In addition, the area recently boasted the first Buc-ee’s travel center in the state and excited to welcome Flatrock Motorsports -- A Premier Motorsports & Entertainment Destination.

Glenwood Mobile Home Park sits on approximately 7 acres, where the tenants enjoy a quiet and private setting that offers easy access to local amenities. The park features city utilities, paved roads, and is NOT located in a flood zone.

The park consists of 16 park-owned homes (POHs), 1 Triplex, 3 rent-to-own homes (RTOs), and 40 vacant pads. The homes are in average shape with a majority of them being 80s-90s models and vacant pads offer easy access to utilities.

Public water is currently master-metered, however, individual meters exist. The park is responsible for trash and common ground landscaping. Additionally, there is a tenant-manager willing to transition to new ownership.

High demand for affordable housing exists -- most surrounding parks units are fully-occupied. The property is primed for an experienced value-add investor that can in-fill lots and convert POHs to RTOs.

Given the park size and infrastructure, we are asking investors to submit offers at, or above $1,225,000. Seller Financing will be considered only under aggressive terms.