Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric and city water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential (pending city approval) with space to add 2-3 additional spaces and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region's robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee's most promising investment markets. Professional photos coming soon!
For sale
$650,000
1841 Main St, Kimball, TN 37347
12beds
1,200sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$623,400 Zestimate®
$542/sqft
$-- HOA
What's special
Gravel drivewaysNew metal roofsFully renovated park-owned homesTenant-owned homesUpdated interiors
- 108 days
- on Zillow |
- 329 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: May 17, 2025 at 11:38am
Listed by:
Jason Galaz 615-410-6393,
EXP Realty LLC 888-519-5113
Source: Greater Chattanooga Realtors,MLS#: 1512405
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Electric, Propane, Other, See Remarks
Cooling
- Varies by Unit, Window Unit(s)
Appliances
- Included: Other, Washer/Dryer Stacked, Washer/Dryer, Refrigerator, Cooktop, Convection Oven
- Laundry: In Unit, See Remarks
Features
- Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, See Remarks
- Flooring: Laminate, Vinyl, See Remarks
- Windows: See Remarks
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Gravel, Off Street
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: One
- Patio & porch: Porch, See Remarks
- Exterior features: Lighting, Storage, Other
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City, Rural, Skyline, Trees/Woods, See Remarks
Lot
- Size: 3.13 Acres
- Features: City Lot, Cleared, Level, Rural, Views, See Remarks
Details
- Additional structures: Outbuilding, Storage, Other, See Remarks
- Parcel number: 119 059.02
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Metal Siding, Vinyl Siding, Other
- Foundation: Pillar/Post/Pier, See Remarks
- Roof: Metal,Other,See Remarks
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank, See Remarks
- Water: Public, See Remarks
- Utilities for property: Electricity Connected, Water Connected, Other, See Remarks
Community & HOA
Community
- Security: See Remarks
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Kimball
Financial & listing details
- Price per square foot: $542/sqft
- Tax assessed value: $11,300
- Annual tax amount: $1,819
- Date on market: 5/6/2025
- Listing terms: Cash,Conventional
- Inclusions: Land, Park Owned Mobile Homes, Property Manager electing to stay on after sale.
- Tenant pays: Electricity, See Remarks
- Road surface type: Asphalt, Gravel, Paved, See Remarks
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