Renovators and Visionaries Wanted!
$375KCookeville, Putnam County, Tennessee
Discover the untapped potential of this unique property featuring a charming, rustic barn with existing rental units! </p><p></p>
Asking Price
$375K
Acreage
0.8 acres
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Frequently Asked Questions
How much does Renovators and Visionaries Wanted! cost?▾
Renovators and Visionaries Wanted! is listed at $375K. Request full financials through Parkvestor for a direct introduction to the listing broker.
How large is Renovators and Visionaries Wanted!?▾
Renovators and Visionaries Wanted! sits on approximately 0.8 acres in Cookeville, Tennessee.
What type of property is Renovators and Visionaries Wanted!?▾
Renovators and Visionaries Wanted! is a mobile home park located in Cookeville, Tennessee, currently listed for sale.
Where is Renovators and Visionaries Wanted! located?▾
Renovators and Visionaries Wanted! is located in Cookeville, Tennessee. Browse more RV parks for sale in Tennessee on Parkvestor.
How do I get more information about Renovators and Visionaries Wanted!?▾
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Utilities are </span><strong><span style="color: rgba(0, 0, 0, 1)">public water and sewer</span></strong><span style="color: rgba(0, 0, 0, 1)">, with each lot individually metered — minimizing operating costs and maximizing scalability.</span></p><hr><h3><span style="color: rgba(0, 0, 0, 1)"> </span><strong><span style="color: rgba(0, 0, 0, 1)">Property Highlights</span></strong></h3><ul><li><p><strong><span style="color: rgba(0, 0, 0, 1)">30 Total Lots</span></strong><span style="color: rgba(0, 0, 0, 1)"> (25 occupied, 1 under construction, 4 ready for new homes)</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">$16,475 current monthly income</span></strong><span style="color: rgba(0, 0, 0, 1)"> (~$197,700 annualized)</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">Annualized NOI:</span></strong><span style="color: rgba(0, 0, 0, 1)"> ~$155,000</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">Public water & sewer</span></strong><span style="color: rgba(0, 0, 0, 1)">, individually metered</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">Expansion potential:</span></strong><span style="color: rgba(0, 0, 0, 1)"> 5 additional homesites (utilities ready)</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">All homes park-owned</span></strong><span style="color: rgba(0, 0, 0, 1)"> – simplified management and turnover control</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">Easy access to Hwy 27 and Hwy 63</span></strong><span style="color: rgba(0, 0, 0, 1)">, minutes from shopping, schools, and employers</span></p></li><li><p><strong><span style="color: rgba(0, 0, 0, 1)">Strong 11% cap rate on actual income</span></strong></p></li></ul><hr><h3><span style="color: rgba(0, 0, 0, 1)"> </span><strong><span style="color: rgba(0, 0, 0, 1)">Investment Opportunity</span></strong></h3><p><span style="color: rgba(0, 0, 0, 1)">This park presents the perfect blend of </span><strong><span style="color: rgba(0, 0, 0, 1)">stability and upside</span></strong><span style="color: rgba(0, 0, 0, 1)"> — strong current income with immediate room to grow by filling five vacant lots. With affordable lot/home rents compared to Knoxville and surrounding counties, new ownership can enjoy predictable returns with potential for rent increases and future asset appreciation.</span></p><p><strong><span style="color: rgba(0, 0, 0, 1)">Asking Price:</span></strong><span style="color: rgba(0, 0, 0, 1)"> </span><strong><span style="color: rgba(0, 0, 0, 1)">$1,550,000</span></strong><span style="color: rgba(0, 0, 0, 1)"><br></span><strong><span style="color: rgba(0, 0, 0, 1)">Cap Rate (Actual):</span></strong><span style="color: rgba(0, 0, 0, 1)"> ~11%<br></span><strong><span style="color: rgba(0, 0, 0, 1)">Cap Rate (Stabilized 30/30):</span></strong><span style="color: rgba(0, 0, 0, 1)"> ~11.5–11.8%<br></span><strong><span style="color: rgba(0, 0, 0, 1)">County:</span></strong><span style="color: rgba(0, 0, 0, 1)"> Scott County, TN<br></span><strong><span style="color: rgba(0, 0, 0, 1)">Address:</span></strong><span style="color: rgba(0, 0, 0, 1)"> 200 Mayfield Private Drive, Helenwood, TN</span></p>