Fully occupied ten-pad mobile home community on US Highway 41 in Kimball, three miles from I-24 and about 35 minutes from Chattanooga. All ten pads leased and current at $7,850 per month, a $94,200 annual gross potential. Stabilized year-one NOI of $62,304 under third-party management, a 9.8% cap rate at $635,000, and about $69,773 NOI for an owner who self-manages, an 11.0% cap. Seven park-owned homes and three tenant-owned homes, with five park-owned homes on twelve-month leases and the balance month-to-month for rent-reset flexibility. Roughly $175,000 in capital improvements completed since 2023, including forty-year metal roofs, PEX plumbing retrofits, metal underpinning on all park-owned homes, and mold remediation on four homes, with $25,000 to $30,000 of 2026 work in progress. Tenants pay electric, gas, and refuse direct. Municipal master-meter water with on-site septic. Seller financing available for qualified buyers. Full due diligence package on file for a fast close.
| MLS # | 3231819 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1996 |
| Days On Site | 136 |
| Listing Provided By | eXp Realty | Gabrielle (Gabbie) McIntosh |
| SQ Feet | 9,600 |
|---|---|
| Zoning | C-2 |
| Acreage | 2.90 |
| State | TN |
|---|---|
| County | Marion County |
| City | Jasper |
| Zip Code | 37347 |
| Area | Marion County | TN |
| Listing VS Median (in 37347) | |
Price: $635,000 low | high Med: $632,450 sqft: 9,600 low | high Med: 5,731 $ / sqft: $66 low | high Med: $202 On site: 136 low | high Med: 169 | |
| State | TN |
|---|---|
| County | Marion County |
| City | Jasper |
| Zip Code | 37347 |
| Area | Marion County | TN |
| Listing VS Median (in 37347) | |
Price: $635,000 low | high Med: $632,450 sqft: 9,600 low | high Med: 5,731 $ / sqft: $66 low | high Med: $202 On site: 136 low | high Med: 169 | |
![]() | $635,0001841 Main StJasper, TN 37347 |