Homes for sale - 1841 Main St, Jasper, TN 37347

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Jared Dragoun

home@marybethandjared.com +1(865) 333-4140

$ 650,000

Est. payment | -/mo

Save

$ 650,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1314020

Year Built 1982

Lot Dimensions 769x180x381x150x402

Source East Tennessee REALTORS® MLS

Property Description

Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric & trash. City water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential (pending city approval) with space to add 2-3 additional spaces and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region's robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee's most promising investment markets.

Location

State TN

County Marion County

Rooms

Other Rooms Other

Interior

Heating Central, Propane, Electric

Cooling Central Cooling, Window Unit(s)

Flooring Laminate, Carpet, Vinyl, Tile

Window Features Windows - Insulated

Appliance Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Other

Heat Source Central, Propane, Electric

Exterior

Exterior Feature Windows - Insulated

Parking Features On Premise Parking

Garage Description On Premise Parking

Roof Type Metal, Shingle

Garage No

Building

Faces Take I‑40 W for about 30 miles to the Exit 356 (I‑75 S toward Chattanooga). Merge onto I‑75 S and continue for approx. 20 miles to Exit 11 for US‑64 W/US‑72 W toward Kimball/Jasper. Stay on US‑64 W/US‑72 W, which is also Main St in Kimball, for about 10 miles into town. Continue on Main St until reaching 1841 Main St on your right.

Structure Type Vinyl Siding,Other

Others

Tax ID 119 059.02

Security Features Smoke Detector

Energy Description Electric, Propane

Acceptable Financing Other, Owner Will Carry, Alternative, New Loan, Cash, Conventional

Listing Terms Other, Owner Will Carry, Alternative, New Loan, Cash, Conventional

Listed by eXp Realty, LLC

1841 Main St Jasper, TN 37347