Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 12.0%
- Listing ID: 547314
- Posted On: Jul 14, 2015
- Updated On: Jul 24, 2015
Description
Bring Offer, owner ready to sell. 91 lot mobile home park it is 2 parks that are several miles apart. 1 park has 33 lots, owner owns 18 of these homes. All of the homes are individually metered for water & electric. This park is on septic and has gravel roads. Included is a large stucco office building (over 3,500 sqft)appraised at 250k w 2 garages. (1) automotive repair garage and 1 large garage w 3 classic cars. Could be rented out separately to a different business. Has 4 huge offices, reception area, file/copy room and a conference room. Also a 2 acre lot with mobile home office on it w 1,568 sqft next to the park. Other park is located at 105 King Street, Clinton, TN and has approximately 56 lots. This park is in a park subdivision that has around 100 lots. The other lots are owned by individuals (most of whom live in the park and the owner sold them the lots over the years). Park was developed in the late 1950's. City water & city sewer are at this park & all individually metered. Owner owns a total of around 40 homes in both parks. (see rent roll) About half of them are on a lease purchase type arrangement. Avg homes rent for around $450 a month. Park is about 1 mile from Clinch River and TVA's Bull Run location. (3 antique cars included with park & lots of construction equipment. Bobcat, tractor, etc. *Park physical address is 852 Oliver Springs Rd. Clinton, Tn. 37716.
3 additional lots included with sale. One has an older farmhouse and another has a lot rental on it. The City of Oak Ridge is located in the eastern part of Tennessee, approximately 22 miles northwest of Knoxville, with a population of approximately 27,000. The City occupies a southern portion of Anderson County and an eastern portion of Roane County. Oak Ridge is approximately 92 square miles in area and includes plant and facilities of the U.S. Department of Energy. Residential, commercial, and municipal owned portions of the City make up nearly 30 square miles. The remaining area of the City is owned by the Department of Energy.
Oak Ridge is home to United States Department of Energy facilities - a national laboratory and a national security complex - and high tech/high wage employers. It is also home to a regional medical center. Oak Ridge is the first retail destination for residents within five (5) East TN counties.
4 industrial parks in the City that were developed by the municipality and two parks that were developed by private firms. Oak Ridge also has a new industrial park, Horizon Center, with 1,000 acres of undeveloped federal land.
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 91 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $200 |
Size: | 8 acre(s) |
Park-Owned Homes
Number of Park-owned Homes: | 40 |
Average Rent for Park-owned Homes: | $475 |