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Mobile Home Park

Harmony Pointe Estates

920 Short Mountain Hwy, Smithville, TN 37166

Listing Price: $540,000

Cap Rate
10.04%
Number of Spaces
13
Lot Size
1.29 acres
Occupancy
100.0%
Price/Space
$41,538
Spaces/Acre
10.08
Year Built
1990

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Smithville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE HARMONY POINTE ESTATES.

Investment Highlights

  • $30,000 Spent in capital improvements in the past 48 months installing used mobile homes on previously vacant lots
  • Space for one more home to be added to the park
  • Individually metered for water and electric
  • Park is on city sewer and city water
  • All park owned homes

Exclusively Listed By

Financing By

Mobile Home Park

Harmony Pointe Estates

Listing Price: $540,000

Cap Rate
10.04%
Number of Spaces
13
Lot Size
1.29 acres
Occupancy
100.0%
Price/Space
$41,538
Spaces/Acre
10.08
Year Built
1990

Investment Highlights

  • $30,000 Spent in capital improvements in the past 48 months installing used mobile homes on previously vacant lots
  • Space for one more home to be added to the park
  • Individually metered for water and electric
  • Park is on city sewer and city water
  • All park owned homes

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Smithville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE HARMONY POINTE ESTATES.

Exclusively Listed By

Financing By

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