Mobile Home Park Details

Listing ID: 6752497
Posted On: Oct 21, 2024
Updated On: Oct 30, 2024

Description

RI Marketplace Online Auction November 18-20, 2024
Register to bid on Marketplace:

https://rimarketplace.com/auction/2217/campground-rv-mobile-home-park-winchester-tennessee-huntsville-al-chattanooga-tn-msa-?utm_source=mhpstore&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2217

Friedman Real Estate, in partnership with RI Marketplace, is pleased to offer the exclusive marketing and sale of a 43-site mobile home park and RV community located in Winchester, TN, within the Huntsville, AL – Chattanooga, TN MSA. The property features 43 dedicated mobile home sites, while the majority of the remaining spaces are focused on RVs, providing a diverse mix of housing options. This property presents significant value-add potential with opportunities to fill vacant sites. At approximately 65% occupancy, the blended T-12 NOI stands at ±$97,000, with current lot rents below market rates, offering room for rent increases and growth.

John Roebuck
c/o Fisher Auction Company Inc.
License: 1702
TN Broker No. 00022430

Location

Winchester, TN, is a picturesque town in southern Tennessee, offering a welcoming community and rich history. Nestled near Tims Ford Lake, Winchester provides the perfect blend of outdoor activities and small-town charm. The downtown area features local shops, cozy cafes, and restaurants, all centered around the historic courthouse square. Its scenic parks, trails, and lake access make it an inviting place to live or visit, embodying the best of nature and Southern hospitality.

The Huntsville, AL, and Chattanooga, TN-GA MSAs together represent dynamic, fast-growing regions driven by diverse industries and innovation. Anchored by Huntsville's aerospace, defense, and tech sectors, including NASA’s Marshall Space Flight Center and Redstone Arsenal, "Rocket City" is a hub for high-tech jobs. Its economic strength, affordable housing, and abundant recreational options make it a desirable place for businesses and families. Chattanooga complements this growth with its focus on manufacturing, transportation, and tourism, set against a backdrop of scenic beauty. Known for its revitalized downtown and outdoor recreation, Chattanooga’s commitment to green energy and sustainability has attracted new businesses and professionals. Together, these regions offer a blend of innovation, cultural vibrancy, and natural appeal, making them thriving destinations for both residents and visitors.

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