Contact Information

Frankie Seals

Frankies auto sales

Mobile Home Park Details

  • Price: $550,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1383920
  • Posted On: Jan 25, 2021
  • Updated On: Mar 2, 2021

Property Description

As of March 1st 2021 owner financing is available! With $150,000 Down and a 3% interest rate!

Please call if interested, Due to excessive email scaming. That way we both know its real. 423-626-8747 office number. Sorry no text on this number

Mobile home park, commercial property, EXCELLENT LOCATION! Located on the tazewell and new tazewell city line. Right in the middle of town 1-2 Miles to Walmart, foodcity, all major restaurants and business.  This property has it on black top road. Collecting lot rent has NEVER been a problem. I have never raised lot rent, it is $130 a month. 11 lots which are all occupied for a told of $1,430 a month. The rent collector charges 10% which is $143 dollars a month, Great guy. The lot rent will almost make it's on payment on the property, if you financed the whole amount is would cost you roughly a low $1,000 a month out of pocket. I also have a single wide in the mobile home park for sale. And have a offer of $1,000 a month for rent, which would make the property at that point make it's on payment. This is a GREAT OPPORTUNITY FOR THE AMBITIOUS!
$550,000 buys it. Prices to sale. UNLIKE REAL ESTATE AGENTS.. all propertys I have for sale i do take tradeins. Cars, muscle cars, sport cars, dozer, boats, etc etc..  I trade on almost any and every thing.
Office number is 423-626-8747

Location

Excellent Location!
Right in the middle of Tazewell and New Tazewell on the city limit line! Right of the main 4LN

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 100.0 %
Year Built: 7777
Average MH Lot Rent: $130
Size: 2 acre(s)

Financial Information

Gross Income $1,430
Operating Expense $143
Net Operating Income $143
Expense Ratio 10.0 %
Debt Info

Lot Information

Singlewide Lots: 11
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 11

RV Information

Number of RV Lots: 0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $700,800

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