$650,000

1841 Main St, Jasper, TN 37347

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1982
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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 & trash. 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.

Listing Status:
Active
Date Added:
September 2, 2025 at 05:00AM
Listing Office:
eXp Realty, LLC : 888-519-5113
MLS ID:
1314020
  • Appliances: RefrigeratorRangeDishwasherMicrowaveSelf Cleaning OvenOther
  • Flooring: CarpetLaminateTileVinyl
  • A/C: Central AirWindow Unit(s)
  • Heating: CentralElectricPropane
  • Parking: On Premise Parking
  • Roofing: MetalShingle
  • Windows: Insulated Windows
  • General: OtherVinyl Siding
  • Originating MLS: East Tennessee REALTORS® MLS
  • County: Marion County
  • Zoning: 119 059.02
  • Source: East Tennessee REALTORS® MLS

This listing courtesy of eXp Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

J

Jasper Middle School

601 Elm Ave, Jasper, TN, 37347

Grades 5-8

2.36 miles away

J

Jasper Middle School

601 Elm Ave, Jasper, TN, 37347

Grades 5-8

2.36 miles away

M

Marion Virtual High School

204 Betsy Pack Dr, Jasper, TN, 37347

Grades 9-12

2.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.