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Mobile Home Park

Owen Drive MHP

4 Simmons Cir, Fayetteville, TN 37334

Listing Price: $645,000

Cap Rate
8.03%
Number of Spaces
12
Lot Size
5.96 acres
Occupancy
95.0%
Price/Space
$53,750
Spaces/Acre
2.01
Year Built
1958

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Owen Drive MHP in Fayetteville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located just 30 miles from the rapidly growing Huntsville MSA. 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 GREYSTONE MHP.

The Owen Drive MHP currently sits on 5.96 acres with 4 undeveloped acres prime for expansion. Directly off of Highway 431, the lot has road access on Owen Drive and Simmons Circle. Each unit is individually metered for water and electric with septic tanks sewer. Please reach out to the Listing Agents should you have any questions regarding this offering.

Investment Highlights

  • Units between 1998 and 2003 vintage or newer
  • Individually metered for water and electric
  • 4 undeveloped acres for expansion on the same property

Exclusively Listed By

Financing By

Mobile Home Park

Owen Drive MHP

Listing Price: $645,000

Cap Rate
8.03%
Number of Spaces
12
Lot Size
5.96 acres
Occupancy
95.0%
Price/Space
$53,750
Spaces/Acre
2.01
Year Built
1958

Investment Highlights

  • Units between 1998 and 2003 vintage or newer
  • Individually metered for water and electric
  • 4 undeveloped acres for expansion on the same property

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Owen Drive MHP in Fayetteville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located just 30 miles from the rapidly growing Huntsville MSA. 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 GREYSTONE MHP. The Owen Drive MHP currently sits on 5.96 acres with 4 undeveloped acres prime for expansion. Directly off of Highway 431, the lot has road access on Owen Drive and Simmons Circle. Each unit is individually metered for water and electric with septic tanks sewer. Please reach out to the Listing Agents should you have any questions regarding this offering.

Exclusively Listed By

Financing By

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