For Sale
$600,000

8903 Nelson RdSoddy-Daisy, TN 37379

8-Unit, 100% Occupancy, Stabilized Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit mobile home park presents a compelling investment opportunity in the thriving Soddy-Daisy, Tennessee market. Located at 8903 Nelson Road and encompassing additional units on Wilkes Avenue, this fully occupied property boasts a strong financial performance with a gross monthly income of $6,425. The park's eight buildings are currently generating consistent revenue, offering immediate cash flow for investors. Tenants are responsible for all utilities, minimizing operational expenses. Annual lawn care costs are $3,465, and annual property taxes total $1,397.16. The property's strategic location off Hixson Pike provides convenient access to local amenities. Individual unit rents range from $575 to $1,050 per month. This stabilized investment is ideal for portfolio expansion or new ventures, providing a solid foundation for future growth in a rapidly developing area. The property offers a proven track record of success and presents a rare opportunity to acquire a high-performing asset in a desirable location. This is a turnkey operation ready for immediate income generation.

Highlights

  • $600,000 asking price for a stabilized mobile home park investment.
  • 8-unit mobile home park with 100% occupancy.
  • Located in Soddy-Daisy, TN, offering strong financials and income growth potential.
  • Conveniently located off Hixson Pike with access to amenities.
  • Gross monthly income of $6,425, with tenants paying all utilities; annual expenses include $3,465 for lawn care and approximately $1,397.16 in taxes.

Property Details for 8903 Nelson Rd

Property type
Mobile home & RV parks
Buildings
8
Units
8

Location Insight

City
Soddy-Daisy
County
Hamilton
State
Tennessee
Latitude
35.208172
Longitude
-85.1461438
8903 Nelson Rd, Soddy-Daisy, Tennessee

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8903 Nelson Rd
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