1841 Main St, Jasper, TN 37347

Sqft
9,600

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Listed byeXp Realty
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Overview

Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County.

The numbers are real, not projected. Through the first six months of 2026 the community collected $45,640 against $13,003 in operating expense, an annualized run rate of $69,296 net operating income at the $635,000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic.

Current ownership has invested roughly $175,000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1,869 per year. Marion County property taxes run about $1,939 annually, and Tennessee has no state income tax.

Seller financing is available to qualified buyers at $650,000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days.

Buyer to verify all information.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
1
Square feet
9,600
Lot size (acres)
2.90
Year built
1996

Utilities

Heating
Other
Cooling
Ceiling Fans, Central Air, Other, Wall/window unit(s)
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount
$52

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Realtracs MLS®#: 3261138 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.