8-Site Mobile Home Park Community Located in Fayetteville, TN (Nashville, TN + Huntsville, AL). Significant Value-Add Potential with immediate opportunity to raise monthly lot rents. In-Place NOI: ±$51,000. Proforma NOI: ±$70,000.
Friedman Real Estate, in partnership with RI Marketplace, is proud to present the exclusive marketing and sale of 36 Simmons Circle, an 8-site mobile home community located in Fayetteville, TN, within the Nashville MSA. This property offers substantial value-add potential, including the immediate opportunity to raise monthly lot rents, which are currently below market levels. With an in-place NOI of approximately $51,000 and a proforma NOI of $70,000, the property is poised for substantial income enhancement. The community is also connected to public water and utilities and features two newly installed septic tanks, providing modern infrastructure for its residents.
Located in Fayetteville, TN, the property benefits from a warm and welcoming community with a rich history, vibrant downtown filled with local shops and eateries, and beautiful parks, making it an attractive location for residents. This is a rare opportunity for an investor to unlock the full potential of this strategically situated mobile home community.
https://rimarketplace.com/auction/2323/fayetteville-tn-mobile-home-park-nashville-tn-huntsville-al-msa