1841 Main St, Jasper, TN 37347

Property Description

Ten-pad manufactured housing community on US Hwy 41 in Kimball, about 3 miles from I-24 and 35 minutes from Chattanooga. Seven park-owned homes plus three resident-owned homes on lot rent. Scheduled rent is $7,975 a month ($95,700 a year). Residents pay electric, gas and refuse; owner pays water. On-site septic, three tanks serviced April 2026. Rebuilt since 2023: new metal roofs, metal underpinning on every park-owned home, PEX plumbing, subfloors, mold remediation and drainage work. Broker-underwritten NOI shows a 9.9% cap rate at list price, with room to grow through rents, a water bill-back and self-management. Seller financing available to qualified buyers. Title work complete.