248-848-4931
36 Simmons Cir, Fayetteville, TN for Sale
Manufactured Housing/Mobile Housing - FOR SALE
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36 Simmons Cir
Fayetteville, TN 37334


HIGHLIGHTS

  • Average lot rent is considerably lower than that of competing parks in the area, which have an average occupancy rate of 95%+.
  • The community is connected to public water and utilities and includes two newly installed septic tanks.
  • Fayetteville, TN offers a warm, welcoming atmosphere with a rich history, beautiful parks, and a vibrant downtown filled with local shops and eateries

OVERVIEW

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

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whispering Pines MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

115D-A-008.01

ASK ABOUT THIS PROPERTY

Ryan WilnerFriedman Real EstateMore Info
248-848-4931

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Ryan WilnerFriedman Real EstateMore Info
248-848-4931

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