Jonathan Kraft
REALTOR®, Vice President - ABR, AHWD, CRS, Master GRI, PSA, RENE, SRS, 2023 Realtor of the Year
BEDS0
BATHS
SQUARE FEET9,600
MLS#3261138
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County.The numbers are real, not projected. Through the first six months of 2026 the community collected $45,640 against $13,003 in operating expense, an annualized run rate of $69,296 net operating income at the $635,000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic.Current ownership has invested roughly $175,000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1,869 per year. Marion County property taxes run about $1,939 annually, and Tennessee has no state income tax.Seller financing is available to qualified buyers at $650,000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days.Buyer to verify all information.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Other, Wall/Window Unit(
Heating: Other
Lot Size: 3
Roof Type: Metal
Stories: 1.0
Taxes: $52
Year Built: 1996
Feature Descriptions
Days on Site: 2
Flooring: Carpet, Laminate, Other
Lot Dimensions: 2.9
Parcel#: 119 05902T004
Sewer: Septic Tank
Units: 10
Utilities: Water Available
Water: Public
Local Schools
High School: Marion Co High School
Middle School: Jasper Middle School
Elementary School: Jasper Elementary School
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 8885195113
Shown By
Agent Name: Jonathan Kraft
Agent Phone: (423) 284-8004
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 4.33 per month $0.00 Principal & Interest $4.33 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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1841 Main St | MLS# 3261138
This multi-family property located at 1841 Main St , Jasper, TN 37347 is currently listed for sale with an asking price of call for price. Search Jasper real estate on jkraft.crye-leike.com today.