1-16 Ez Ln - Manufactured Housing/Mobile Housing FOR SALE


Manchester, TN 37355
$1,040,000 USD
615-997-2853
1-16 Ez Ln, Manchester, TN for Sale
$1,040,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | 7.02% Cap Rate

1-16 Ez Ln
Manchester, TN 37355


HIGHLIGHTS

  • Located a mile from Interstate 24 providing access to Chattanooga and Nashville, TN
  • Convenient access to nearby groceries, dining, and shopping
  • $33,189 Spent on capital improvements in the past 48 months
  • Some units have been completely remodeled in the past 3-4 years
  • In 2023, approximately 100 tons of gravel has been regraded to fill in potholes and to ensure proper drainage
  • Large lot sizes

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/168164/ez-lane-mhp Marcus & Millichap has been selected to exclusively market for sale the EZ Lane MHP in Manchester, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in middle Tennessee. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE EZ LANE MHP.

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

16

PRICE/UNIT

$65,000

CAP RATE

7.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

PARKING SPACES

32

LAND DETAILS

LAND ACRES

14.33 AC

LAND SF

624,213 SF

ZONING

-

APN/PARCEL ID

084-035.00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

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Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.