1810 Vales Mill RdPulaski, TN 38478

Property Details for 1810 Vales Mill Rd

Lot size

20.13 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of three mobile home parks totaling 72 units across Tennessee and Alabama. The portfolio boasts a strong 9.12% cap rate and a remarkable 100% occupancy, generating a substantial net operating income (NOI) of $373,935. The asking price is $4,100,000. The parks are strategically located within a two-hour radius of each other, offering operational efficiencies. The portfolio includes 62 park-owned homes and 9 tenant-owned homes, presenting potential for increased revenue through rent-to-own contracts. Significant potential exists for bonus depreciation on park-owned homes. Existing property management is in place and can remain with the portfolio, if desired. The properties are situated on a combined 20.13 acres of land, featuring paved roads and updated septic systems in Pulaski, TN. Utilities are a mix of individually metered and master metered systems, utilizing city water and private septic. An optional purchase of an additional 8-unit park is also available. This portfolio offers a compelling combination of immediate cash flow and long-term growth potential. Detailed financial statements and property-specific information are available upon request.

Location Insight

City

Pulaski

County

Giles

State

Tennessee

Latitude

35.1969

Longitude

-87.076

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