Contact Information
Mobile Home Park Details
- Price: Call for Price
- Listing ID: 6801279
- Posted On: Jan 8, 2025
- Updated On: Jan 8, 2025
Description
RI Marketplace Online Auction Feb 24-26, 2025
Register to bid on Marketplace
Friedman Real Estate, in partnership with RI Marketplace, is proud to present the exclusive marketing and sale of 36 Simmons Circle, an 8-site mobile home community located in Fayetteville, TN, within the Nashville MSA. This property offers substantial value-add potential, including the immediate opportunity to raise monthly lot rents, which are currently below market levels. With an in-place NOI of approximately $51,000 and a proforma NOI of $70,000, the property is poised for substantial income enhancement. The community is also connected to public water and utilities and features two newly installed septic tanks, providing modern infrastructure for its residents.
Location
Located in Fayetteville, TN, the property benefits from a warm and welcoming community with a rich history, vibrant downtown filled with local shops and eateries, and beautiful parks, making it an attractive location for residents. This is a rare opportunity for an investor to unlock the full potential of this strategically situated mobile home community.
John Roebuck, Auctioneer
License: 1702
TN Broker No. 00022430
Park Information
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $51,000 |
Utility Information
| Water: | City |
| Sewer: | Septic |
