8903 Nelson RdSoddy-Daisy, TN 37379
- Residential income properties
Property Details for 8903 Nelson Rd
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Soddy-Daisy
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.2082
- Longitude
- -85.1461
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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