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Ike's Landing 40 Lot Mobile Home Park 4 Sale 722 And 724 Asheville Hwy, Strawberry Plains, TN 37871

Expired   Price Reduced  

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Land: This is land for developing a mobile home park
  • Listing ID: 1133185
  • Posted On: Sep 14, 2019
  • Updated On: Dec 14, 2019

Description

40 lot mobile home park for sale. 20 established lots and 20 lots to be developed. All 40 lots have electric and water hook ups. Lots are on septic systems. Also included is a 3 bedroom house. Property has 20 acres. Located in Sevier County Tn. Asking $800,000 or make offer.

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Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 50.0 %
Year Built: 1996
Average MH Lot Rent: $225
Size: 20 acre(s)

Financial Information

Gross Income: $79,200
Operating Expense: $2,500
Expense Ratio: 3.2 %

Lot Information

Singlewide Lots: 40

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $525

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