Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Property ID: 977775
  • Posted On: Aug 10, 2018
  • Updated On: Aug 21, 2019

Property Description

The MHP Broker are pleased to offer the sale of Shell Way MHP in White Pine Tennessee. Its a Well located, stabilized Mobile Home Park with plenty of up-side in strong market. Shell Way MHP has 18 lots with 17 tenants. There are zero vacant lots. Current occupancy is roughly 95%.
This MHP has city sewer and city water that is sub-metered and is billed back to the tenant. There are 18 park owned homes (POH) that are in average condition of mostly 1970-1980 models. The privately maintained roads are paved and in average condition as our offering price suggests. The park is NOT in a flood zone. Located in a excellent location near all amenities very close to downtown White Pine and 40 minutes from down-town Knoxville.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Average MH Lot Rent: $225
Size: 2 acre(s)

Financial Information

Gross Income $46,011
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $168

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