Mobile Home Park Details
- Cap Rate: 10.9%
- Listing ID: 402847
- Posted On: Sep 18, 2013
- Updated On: Apr 2, 2015
Description
Property offering is OLDE TOWNE VILLAGE, a 25 space manufactured housing community with an additional stick built home, located in Smyrna, Tennessee. The community has a physical occupancy of 100%, in which all of the homes are park owned. OLDE TOWNE VILLAGE currently operates as an apartment model, where the combined home and lot rent has an average of $758 per month. Park residents are responsible for water, sewer, trash, gas and electricity. The community is serviced by municipal water and sewer, which is sub-metered and billed back to the resident. OLDE TOWNE VILLAGE is located off Hazelwood Drive in Rutherford County.
Location
OLDE TOWNE VILLAGE is located less than 30 minutes from the attractions of downtown Nashville. The Nashville MSA is the largest in Tennessee with a population of nearly 1,590,000. Known as the “Music City,” it is also the state capitol and home to numerous colleges and universities including Vanderbilt University and Medical Center, the largest employer in the region. Smyrna has 10 parks, a public golf course, 7 miles of greenway trails and an outdoor water park.There is also a public fitness center located in Town Centre which includes an Olympic-sized swimming pool.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 96.2 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $758 |
| Size: | 2 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |