Spring City MHP & RV

<p><strong style="color: rgba(0, 82, 204, 1)">Colliers Manufactured Housing & RV Group</strong><span style="color: rgba(0, 82, 204, 1)">, </span>serving as the exclusive agent for the Owner, is pleased to offer the opportunity to acquire the<strong style="color: rgba(29, 118, 219, 1)"> Southern Tennessee MHC Portfolio,</strong><span style="color: rgba(0, 82, 204, 1)"> </span>a 53-unit, well-located affordable housing opportunity consisting of two properties in south-central Tennessee less than 2 hours from Nashville and Chattanooga and less than an hour from Huntsville, AL</p><p></p><p>The portfolio consists of two all-age mobile home communities, <strong style="color: rgba(0, 82, 204, 1)">Pulaski Grove and The Landing at Fayetteville,</strong><span style="color: rgba(0, 82, 204, 1)"> </span>each offering a value-add investment opportunity with spacious lots, newly rehabbed homes and on-site management providing immediate upside through leasing, increasing rates, and expanding new home pads.​</p><p></p><p><strong style="color: rgba(29, 118, 219, 1)">The asking price for the portfolio is $3,500,000 ($66,038/site).​ </strong>This represents a 9.0% T-1/T-12 Cap Rate (current rent roll).​</p>

<p>Positioned along Chattanooga’s established Lee Highway commercial corridor, <strong>5710 Lee Hwy presents a ±4.11-acre commercial development opportunity</strong> with existing improvements, on-site utilities, and significant exposure along a corridor carrying approximately <strong>±37,000 vehicles per day</strong>.​</p><p>The offering consists of two contiguous parcels totaling approximately <strong>4.11 acres</strong>, including a ±3.83-acre tract and a ±0.28-acre tract improved with an approximately <strong>3,600 SF commercial building</strong>.​ The existing building includes finished office/reception areas along with service/shop space and overhead-door access, providing potential functionality while a purchaser evaluates the property’s longer-term redevelopment strategy.​</p><p>A significant portion of the site was <strong>formerly utilized as a mobile home park</strong>, and utilities are already present at the property.​ This existing infrastructure, combined with the size and configuration of the assemblage, creates an opportunity for a purchaser seeking a substantial commercial site along Lee Highway.​</p><p>Offered at <strong>$3,904,000</strong>, the property provides an opportunity to acquire approximately 4.11 acres in an established Chattanooga commercial corridor with existing utility infrastructure and redevelopment potential.​</p><p>Prospective purchasers should independently verify zoning, utility capacity and connections, development feasibility, floodplain requirements, permitting, and all other matters applicable to their intended use.​</p>

<p><span style="color: rgba(39, 49, 57, 1)">Marcus & Millichap is pleased to present Atwood Acres MHP, a 32-space manufactured housing community located at 2945 US-79,Atwood, Tennessee.​ Situated directly along U.​S.​ Highway 79, the property benefits from excellent visibility and convenient access to surrounding communities.​ The park is approximately 3 miles from downtown Atwood, 10 miles from McKenzie, 16 miles from Huntingdon, and 25 miles from Jackson, placing residents within easy commuting distance of major employment, retail, healthcare, and educational amenities throughout West Tennessee.​ Its strategic location along a primary transportation corridor enhances long-term tenant demand while offering investors exposure to a stable, rural market with strong regional connectivity.​</span></p><p></p><p><span style="color: rgba(39, 49, 57, 1)">Atwood Acres MHP is being offered at a 6.93 percent capitalization rate with an estimated net operating income of $152,414.​ The park consists of 30 park-owned homes, 2 tenant-owned homes, and a 10-unit storage building, with approximately 1 acre available for expansion.​ Historically, the park operated at 85 percent occupancy, with all tenants on long-term leases; 100 percent secured on 12 month agreements, providing stable and predictable cash flow.​ Monthly rents average $755, below the local market range of $825-$1000.​</span></p><p></p><p><span style="color: rgba(39, 49, 57, 1)">The community is serviced by Atwood Utilities for water and sewer, while water, sewer, electric, and trash are all separately metered and paid directly by the tenants.​ The property is currently owner-managed, with experienced on-site managers willing to stay on after a sale.​ With long-term leases, strong historical occupancy, and a utility structure that minimizes owner expenses, Atwood Acres MHP presents an attractive opportunity for long-term ownership.​ Please do not visit the park without prior approval, and all property tours must be arranged through Marcus & Millichap listing agents.​</span></p>

<p><span style="color: rgba(33, 37, 41, 1)">536 E 20th St.​ is a rare hard to find offering containing 3.77 surveyed acres inside the Cookeville City limits and is currently zoned RMHP and contains 43 mobile home sites.​ Cookeville City does not allow any more residential mobile home parks this one is one of the last of its kind.​ It also has great potential to be rezoned as RAO which would allow 74 units.​</span></p>

<h3><span style="color: rgba(0, 0, 0, 1)"> </span><strong><span style="color: rgba(0, 0, 0, 1)">30-Lot Mobile Home Park | 200 Mayfield Private Drive | Helenwood, TN (Scott County)</span></strong></h3><p><strong><span style="color: rgba(0, 0, 0, 1)">Offered at $1,550,000 | Strong 11% Cap Rate | 25 Occupied Lots + Expansion Potential</span></strong></p><p><span style="color: rgba(0, 0, 0, 1)">Discover a well-maintained, income-producing </span><strong><span style="color: rgba(0, 0, 0, 1)">mobile home park in Helenwood, Tennessee</span></strong><span style="color: rgba(0, 0, 0, 1)">, offering immediate cash flow and future upside.​ This </span><strong><span style="color: rgba(0, 0, 0, 1)">30-lot community</span></strong><span style="color: rgba(0, 0, 0, 1)"> is currently </span><strong><span style="color: rgba(0, 0, 0, 1)">25 lots occupied</span></strong><span style="color: rgba(0, 0, 0, 1)">, with </span><strong><span style="color: rgba(0, 0, 0, 1)">one new lot under construction</span></strong><span style="color: rgba(0, 0, 0, 1)"> and </span><strong><span style="color: rgba(0, 0, 0, 1)">four additional lots ready for homes</span></strong><span style="color: rgba(0, 0, 0, 1)"> — water and sewer already in place.​</span></p><p><span style="color: rgba(0, 0, 0, 1)">The property is </span><strong><span style="color: rgba(0, 0, 0, 1)">park-owned homes and lots</span></strong><span style="color: rgba(0, 0, 0, 1)">, generating consistent monthly rental income of </span><strong><span style="color: rgba(0, 0, 0, 1)">$16,475</span></strong><span style="color: rgba(0, 0, 0, 1)">, averaging </span><strong><span style="color: rgba(0, 0, 0, 1)">$659 per unit</span></strong><span style="color: rgba(0, 0, 0, 1)">.​ For the first six months of 2025 (Jan–July), the park produced </span><strong><span style="color: rgba(0, 0, 0, 1)">$102,965 in gross rental income</span></strong><span style="color: rgba(0, 0, 0, 1)"> and </span><strong><span style="color: rgba(0, 0, 0, 1)">$79,985 in net operating income</span></strong><span style="color: rgba(0, 0, 0, 1)">, representing a strong, stable return.​ Annualized, that equates to an estimated </span><strong><span style="color: rgba(0, 0, 0, 1)">$155,000 NOI</span></strong><span style="color: rgba(0, 0, 0, 1)">, delivering a </span><strong><span style="color: rgba(0, 0, 0, 1)">10.0%–11.0% cap rate</span></strong><span style="color: rgba(0, 0, 0, 1)"> at the current asking price.​</span></p><p><span style="color: rgba(0, 0, 0, 1)">Located in </span><strong><span style="color: rgba(0, 0, 0, 1)">Scott County</span></strong><span style="color: rgba(0, 0, 0, 1)">, just minutes from downtown Helenwood and within driving distance to </span><strong><span style="color: rgba(0, 0, 0, 1)">Oneida (10 min)</span></strong><span style="color: rgba(0, 0, 0, 1)"> and </span><strong><span style="color: rgba(0, 0, 0, 1)">Knoxville (approx.​ 60 miles)</span></strong><span style="color: rgba(0, 0, 0, 1)">, the property benefits from a steady tenant base and growing demand for affordable housing across East Tennessee.​ 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>

<p>27 park-owned homes across two Southeast markets, offered individually or together at $1,498,000.​ The portfolio consists of two mobile home parks - Dayton MHP in Rhea County, Tennessee and Armuchee MHP in Floyd County, Georgia - marketed both individually and as a combined $1,498,000 portfolio at approximately 9.82% blended cap.​</p><p>Dayton MHP offers meaningful lease-up and operational upside.​ Ownership previously operated Dayton at or near full occupancy before management attention shifted elsewhere.​ Recent leasing has moved occupancy to 79%, with one additional home under lease pending - the remaining upside is operational, not a market issue.​ The City has confirmed no zoning restrictions on the property and soil percolation is favorable - ownership believes 8 or more additional homesites could be added, subject to buyer's engineering review.​</p><p>Armuchee MHP is 85% occupied at 11 of 13 homes with a 9.95% in-place cap and approximately 8% rent growth over the past 12 months - immediate, durable income.​</p>