1810 Vales Mill RdPulaski, TN 38478

Property Details for 1810 Vales Mill Rd

Lot size

20.13 AC

Property type

Mobile home & RV parks

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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