402 College StBruceton, TN 38317

Property Details for 402 College St

Lot size

0.46 AC

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

009066G C 00900

APU

009066GC00900

Description

This exceptional mixed-use investment property, located at 402 College St, Bruceton, TN, presents a unique opportunity for savvy investors. The 0.47-acre lot encompasses a grandfathered manufactured home park featuring six dwellings, offering immediate income potential and significant upside. Currently, two units are generating rental income, providing a solid foundation for future growth. The remaining four units require some renovation and attention, presenting a chance to increase profitability through upgrades and improved occupancy. The property boasts a substantial 6,000 square feet of total space, spread across the six units. This presents a versatile investment opportunity, whether you're seeking to expand your existing portfolio with a proven income stream or looking for a property with significant rental income potential. The property's location in Bruceton, TN, offers a stable market with potential for growth. This is a rare chance to acquire a well-positioned mixed-use property with immediate income and substantial long-term potential. Don't miss this chance to secure a valuable asset in a thriving community. The asking price is $70,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,284,252

  6.5%

  $3,954,694

  7%

  $3,672,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,668,480

  Geo Method

  $2,668,480

• Alternative Use

  Use

  Valuation

  Residential

  $3,954,694

  Hospitality

  $3,622,478

  Educational

  $3,013,859

  Medical

  $3,117,510

  Retail

  $4,688,226

Location Insight

City

Bruceton

County

Carroll

State

Tennessee

Latitude

36.0356

Longitude

-88.2495

Property Tax & Assessments

FAQs

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