10-Pad Mobile Home Community | Kimball, TN | $635,000
Mobile Home ParkKimball, Marion County, Tennessee
Listing Details
- Asking Price
- $635K
- City
- Kimball
- County
- Marion County
- State
- Tennessee
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About 10-Pad Mobile Home Community | Kimball, TN | $635,000
1841 Main Street is a fully occupied, recently capitalized 10-pad mobile home community in Kimball, Tennessee, offered at $635,000 ; a 10.9% capitalization rate on trailing-six-month 2026 performance annualized. The asset trades at $63,500 per pad on the primary Highway 41 corridor through Marion County, within three miles of Interstate 24 and approximately 35 minutes from the Chattanooga MSA.
This is a trailing-actuals story rather than a pro forma. For January through June 2026, the seller's books show $45,640 of collected revenue against $13,003 of operating expense, producing an annualized net operating income of $69,296 after a full year of property taxes and the current, reduced insurance premium.
The 24.1% trailing expense ratio reflects the asset's direct-bill utility structure: tenants pay electric, natural gas, and refuse on their own accounts, leaving ownership responsible only for master-meter municipal water, on-site septic, grounds, and management.
The rent roll is stabilized and strengthening. All ten pads are leased and current across seven park-owned and three tenant-owned homes, with five of the seven park-owned homes on twelve-month leases and the balance month-to-month, preserving rent-reset flexibility.
Scheduled rent is $7,850 per month, a $94,200 annual gross potential, and park-owned three-bedroom units at $850 to $1,050 sit below Kimball-Jasper single-family comparables of $1,100 to $1,400.
Current ownership has deployed approximately $175,000 in documented capital since the November 2023 acquisition, with the 2026 program substantially complete: four 40-year metal roofs, complete PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation on four units, interior rehabilitation, and 2026 septic drainage and surface-water correction.
The community is structurally and mechanically modernized, and the recommended forward capital reserve is a modest $650 per pad annually.
Seller financing is pre-cleared at a $650,000 seller-financed price across three tiers (from $300,000 down at 8.0% to $450,000 down at 6.0%, each on a 20-year amortization with a five-year balloon), all clearing standard small-MHP DSCR minima with substantial cushion.
A full diligence package: financials, leases, property manager contract, vendor invoices, tax records, and ALTA title commitment : is on file, supporting a 15-day diligence period and a target close within 25 days for cash, 1031-exchange, or seller-financed buyers.
Frequently Asked Questions
How much does 10-Pad Mobile Home Community | Kimball, TN | $635,000 cost?
10-Pad Mobile Home Community | Kimball, TN | $635,000 is listed at $635K. Request full financials through Parkvestor for a direct introduction to the listing broker.
What type of property is 10-Pad Mobile Home Community | Kimball, TN | $635,000?
10-Pad Mobile Home Community | Kimball, TN | $635,000 is a mobile home park located in Kimball, Tennessee, currently listed for sale.
Where is 10-Pad Mobile Home Community | Kimball, TN | $635,000 located?
10-Pad Mobile Home Community | Kimball, TN | $635,000 is located in Kimball, Tennessee. Browse more mobile home parks for sale in Tennessee on Parkvestor.
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