Fayetteville, TN Mobile Home Park | Nashville, TN + Huntsville, AL MSA

Highlights:

• 8-site mobile home park community located in Fayetteville, TN (Nashville, TN + Huntsville, AL MSA)
• Significant value-add potential with immediate opportunities to raise monthly lot rents, sell individual homes to tenants, and/or implement rent-to-own agreements.
• Additional revue opportunity by charging back tenants for water usage, which is not currently being billed.
• In-Place NOI: ±$43,000, Proforma NOI: ±$72,000
• The average lot rent is significantly lower than competing parks in the area, where occupancy rates exceed 95%.
• The community is connected to public water and utilities and includes two newly installed septic tanks.

Description:

RI Marketplace Online Auction April 28-30
Register to bid on Marketplace:

https://rimarketplace.com/auction/2412/fayetteville-tn-mobile-home-park-nashville-tn-huntsville-al-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2412

Friedman Real Estate, in partnership with RI Marketplace, is pleased to present the exclusive marketing and sale of 36 Simmons Circle, an 8-site mobile home community strategically located in Fayetteville, TN, within both the Nashville, TN, and Huntsville, AL MSAs.

This property offers significant value-add potential, including immediate opportunities to raise monthly lot rents, sell individual homes to tenants, and/or implement rent-to-own agreements. Additionally, there is an untapped revenue opportunity by charging back tenants for water usage, which is not currently being billed.

With an in-place NOI of approximately $43,000 and a proforma NOI of $72,000, the property is well-positioned for substantial income growth. Current lot rents are significantly lower than competing parks in the area, where occupancy rates exceed 95%, further highlighting the potential for increased revenue.

The community is connected to public water and utilities and features two newly installed septic tanks, ensuring modern infrastructure for residents.

This is a rare opportunity for an investor to unlock the full potential of this well-located mobile home community.

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