16 Rental Units in Manchester, TN
Business Description
This established mobile home park represents a premier investment opportunity in Manchester, Tennessee, featuring 16 well-maintained rental units generating strong cash flow with minimal operational complexity. Located strategically near Exit 114 in Jasper County, the property benefits from excellent accessibility and county-only taxation structure.
FINANCIAL PERFORMANCE:
The portfolio demonstrates robust financial metrics with gross annual revenue of $113,383 and net operating income of $88,282, reflecting a healthy profit margin of approximately 78%. Monthly rental rates range from $525 to $725 per unit, positioning the property competitively within the local market.
PROPERTY SPECIFICATIONS:
The rental units, constructed between 1987-1998 according to tax records, feature individual utility metering systems for water and electricity. Each unit operates on independent septic systems, ensuring operational autonomy and reduced infrastructure dependencies. The property owner has maintained comprehensive improvement records and financial documentation.
OPERATIONAL STRUCTURE:
Tenants assume responsibility for all utilities, yard maintenance, and waste management services, creating a net lease structure that minimizes landlord operational expenses and administrative burden. This tenant-responsibility model contributes significantly to the property's strong net income performance.
INVESTMENT HIGHLIGHTS:
• Turnkey operation with established tenant base and revenue history
• Individual utility metering reduces owner utility expenses
• County location provides favorable tax environment
• Strategic location with highway accessibility
• Documented maintenance and improvement history
• Strong cash flow with minimal management requirements
This income-producing asset offers investors an opportunity to acquire a stabilized mobile home park with demonstrated performance metrics and growth potential in Tennessee's expanding rental market.
FINANCIAL PERFORMANCE:
The portfolio demonstrates robust financial metrics with gross annual revenue of $113,383 and net operating income of $88,282, reflecting a healthy profit margin of approximately 78%. Monthly rental rates range from $525 to $725 per unit, positioning the property competitively within the local market.
PROPERTY SPECIFICATIONS:
The rental units, constructed between 1987-1998 according to tax records, feature individual utility metering systems for water and electricity. Each unit operates on independent septic systems, ensuring operational autonomy and reduced infrastructure dependencies. The property owner has maintained comprehensive improvement records and financial documentation.
OPERATIONAL STRUCTURE:
Tenants assume responsibility for all utilities, yard maintenance, and waste management services, creating a net lease structure that minimizes landlord operational expenses and administrative burden. This tenant-responsibility model contributes significantly to the property's strong net income performance.
INVESTMENT HIGHLIGHTS:
• Turnkey operation with established tenant base and revenue history
• Individual utility metering reduces owner utility expenses
• County location provides favorable tax environment
• Strategic location with highway accessibility
• Documented maintenance and improvement history
• Strong cash flow with minimal management requirements
This income-producing asset offers investors an opportunity to acquire a stabilized mobile home park with demonstrated performance metrics and growth potential in Tennessee's expanding rental market.
About the Business
- Currently Home Based
- Yes
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 17,302
About the Sale
- Financing Options
- owner financing is negotiable
Listing Info
- ID
- 2462540
- Listing Views
- 93
Listing ID: 2462540 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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