UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $66
MLS Listing ID 3261138
HOA Y/N No
Year Built 1996
Annual Tax Amount $52
Lot Dimensions 2.9
Property Description
The numbers are real, not projected. Through the first six months of 2026 the community collected $45,640 against $13,003 in operating expense, an annualized run rate of $69,296 net operating income at the $635,000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic.
Current ownership has invested roughly $175,000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1,869 per year. Marion County property taxes run about $1,939 annually, and Tennessee has no state income tax.
Seller financing is available to qualified buyers at $650,000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days.
Buyer to verify all information.
Location
State TN
County Marion County
Zoning c2-r1
Interior
Heating Other
Cooling Ceiling Fan(s), Central Air, Other, Wall/Window Unit(s)
Flooring Carpet, Laminate, Other
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
View Bluff, City, Other
Roof Type Metal
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Jasper Elementary School
Middle Schools Jasper Middle School
High Schools Marion Co High School
Others
Senior Community false
Special Listing Condition Standard
Virtual Tour https://properties.615.media/sites/aapzqaa/unbranded
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION