Mobile Home and RV
110-145 Wenger Park Lane, Luttrell, TN 37779
For Sale
$1,600,000
Multi-Family, Luttrell, TN
Property Size8,000 SF
Lot Size16.17 Acres
Price / SF$200
Days on Market401
Property Features for 110-145 Wenger Park Lane
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Southern Charm Homes
(865) 518-4324
Listed By:
Donna Kay Seymour
(865) 556-0289
Added: Oct 9, 2025
Changed: Oct 29
Last Checked: Nov 13 at 8:06PM
MLS# 1318104
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This residential property includes 11 site-built homes, with 8 currently occupied, along with numerous pads configured for mobile homes. An 8,000-square-foot building formerly used as a store is also included and could potentially be adapted for apartments or another use. The improvements date to 1981 and feature frame construction with vinyl siding, vinyl flooring, electric heat, and shingle roofing.
The property is located at 110-145 Wenger Park Lane in Luttrell, Tennessee, within Union County. A current survey is on file, and additional acreage is available. Buyers are expected to verify property information and complete their own inspections before submitting an offer.
The property is located at 110-145 Wenger Park Lane in Luttrell, Tennessee, within Union County. A current survey is on file, and additional acreage is available. Buyers are expected to verify property information and complete their own inspections before submitting an offer.
Key Highlights
- 11 site‑built homes included
- 8 homes currently occupied
- Numerous pads configured for mobile homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,795
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,900
$1.4M
Cap Rate 7%
$1,025,643
$1.0M
Cap Rate 9%
$797,722
$797.7K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$141.1K $17.64/SF
− Vacancy
−$10.6K −$1.32/SF
EGI
$130.5K $16.32/SF
− OpEx
−$58.7K −$7.34/SF
NOI
$71.8K $8.97/SF
Area
Union County, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,900
Cap Rate 7%
$1,025,643
Cap Rate 9%
$797,722
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$897.4K – $1.20M
NOI $71,795 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,701 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 37779, TN
3,812
Population
1,554
Households
2.5
Avg Household Size
43
Median Age
10%
College-Educated
86%
High-School Grad
34.6 sq mi
ZIP Area
110
Density / Sq Mi
$51,159
Median Household Income
$37,474
Median Earnings
$829
Median Rent
$160,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The property includes existing homes, mobile-home pads, and a former store building with possible alternative-use potential.
Where is this mobile home & rv park located?
The property is located at 110-145 Wenger Park Lane Luttrell, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 11 site‑built homes included; 8 homes currently occupied; Numerous pads configured for mobile homes
