1841 Main St, Jasper, TN 37347
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
Listed by: gabrielle (gabbie) mcintosh, chad friedman
Office: exp realty
MLS#:3261138
Source:NASHVILLE
Price summary
- Price:$635,000
- Price per sq. ft.:$66.15
About this home
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....
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Home facts
- Year built:1996
- Listing ID #:3261138
- Added:2 day(s) ago
- Updated:July 09, 2026 at 02:41 PM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:9,600 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air, Wall/Window Unit(s)
- Heating:Heating
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1996
- Building area:9,600 sq. ft.
- Levels:1 Story
Schools
- High school:Marion Co High School
- Middle school:Jasper Middle School
- Elementary school:Jasper Elementary School
Utilities
- Water:Public, Water Available
- Sewer:Septic Tank
Finances and disclosures
- Price:$635,000
- Price per sq. ft.:$66.15
- Tax amount:$52
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