Mobile Home Park Details
- Listing ID: 517616
- Posted On: Apr 20, 2015
- Updated On: Jan 15, 2016
Description
In rural Franklin County, this picturesque park is located on a small hill just south of Tullahoma, and only 10 minutes from Tims Ford Lake. The landscape is an open area with a number of very large, old oak trees and smaller pears and magnolia trees.
15 single-wide, park owned trailers, 1 block 2-bedroom cottage, and 4 undeveloped sites. Units are a mix of old and new, well maintained 2 & 3 bedroom units, most with central air.
There is a 2,000 square foot triple-wide "landlord" residence with patio/deck and 3-car carport. Interior photo is of this residence, which is currently rented. See attachment for details.
Location
Tims Ford Lake is a 10,700-acre man-made lake, and is one of the most picturesque in Tennessee and is regarded as one of the top bass fishing and recreational lakes in the southeast.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 76.0 % |
| Average MH Lot Rent: | $125 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $106 |
| Operating Expense: | $17,000 |
| Expense Ratio: | 16037.7 % |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 1 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $125 |