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Mobile Home Park

EZ Lane MHP

1 Ez Ln, Manchester, TN 37355

Listing Price: $1,040,000

Cap Rate
7.02%
Number of Spaces
16
Lot Size
14.19 acres
Occupancy
100.0%
Price/Space
$65,000
Spaces/Acre
1.13
Year Built
1998

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the EZ Lane MHP in Manchester, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in middle Tennessee.

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.

AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE EZ LANE MHP.

Investment Highlights

  • Located a mile from Interstate 24 providing access to Chattanooga and Nashville, TN
  • $33,189 Spent on capital improvements in the past 48 months
  • Some units have been completely remodeled in the past 3-4 years
  • In 2023, approximately 100 tons of gravel has been regraded to fill in potholes and to ensure proper drainage

Exclusively Listed By

Mobile Home Park

EZ Lane MHP

Listing Price: $1,040,000

Cap Rate
7.02%
Number of Spaces
16
Lot Size
14.19 acres
Occupancy
100.0%
Price/Space
$65,000
Spaces/Acre
1.13
Year Built
1998

Investment Highlights

  • Located a mile from Interstate 24 providing access to Chattanooga and Nashville, TN
  • $33,189 Spent on capital improvements in the past 48 months
  • Some units have been completely remodeled in the past 3-4 years
  • In 2023, approximately 100 tons of gravel has been regraded to fill in potholes and to ensure proper drainage

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the EZ Lane MHP in Manchester, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in middle Tennessee. 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. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE EZ LANE MHP.

Exclusively Listed By

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