Contact Information

Park Place Communities

Mobile Home Park Details

  • Price: $4,250,000
  • Purchase Method: Cash
  • Property ID: 1356607
  • Posted On: Nov 16, 2020
  • Updated On: Nov 19, 2020

Property Description

2 MHPs next to each other at 84% occupancy. Great value add opportunity..

2nd Park = 1443 Old Hwy 95, Lenoir City, TN 37771


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Park Information

Community Type: All Age
Number of MH Lots: 122
Total Occupancy: 84.0 %
Average MH Lot Rent: $225

Financial Information (Actual)

Gross Income $387,354
Net Operating Income $182,813
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 57
Average Rent for Park-owned Homes: $270

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