Manufactured Home and RV
For Sale
Contact for pricing
Pending
116 SPG CITY DR, Johnson City, TN 37601
78-unit Spring City MHP & RV features tenant-owned homes, long-term RV lots, and shared paved roads with utility billbacks.
Property SizeContact for details
Lot Size5.90 Acres
Days on Market131
Property Features for 116 SPG CITY DR
General Information
Standard status
Pending
Class
C
Lot size
5.90 Acres
Property subtype
Mobile Home Park
Occupancy
88%
Investment Type
Stabilized
Net Operating Income
$296,041
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
8.47%
Building Details
Units
78
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Charlotte Uptown
Listed By:
Glenn Esterson · License #GA 355850
Source:
Crexi
Added: Apr 29
Changed: Sep 5
Last Checked: Sep 4 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Charlotte Uptown
Investment Insights
Based on property information with market context.
Spring City MHP & RV is a 78-unit manufactured housing and RV community. The community includes 42 tenant-owned homes (TOH), 2 rent-to-own (RTO) units, 25 rented long-term RV lots, and additional vacant RV and mobile home lots. Utilities are structured as tenant billbacks: water and sewer are public and billed back to tenants, and trash is curbside and included in the city water/sewer/trash billing. Electric is direct billed to manufactured housing tenants, while the landlord pays electric for RV tenants and common areas. The community uses Metron meters for water billing, has public paving along the main road through the park, and includes common-area mowing with no snow removal required.
The property is located at 116 Spring City Drive in Johnson City, Tennessee (Washington County). The site totals 5.9 acres and is identified as not being in a Flood Zone and not being in an Opportunity Zone.
Current occupancy is 88.5%. The offer includes in-place operations and notes a July 1 RV rent increase for the occupied RV lots, along with potential upside from infill of vacant lots.
The property is located at 116 Spring City Drive in Johnson City, Tennessee (Washington County). The site totals 5.9 acres and is identified as not being in a Flood Zone and not being in an Opportunity Zone.
Current occupancy is 88.5%. The offer includes in-place operations and notes a July 1 RV rent increase for the occupied RV lots, along with potential upside from infill of vacant lots.
Key Highlights
- 78‑unit manufactured housing and RV community on 5.9 acres at 116 Spring City Drive, Johnson City, TN 37601 (Washington County).
- Current occupancy is 88.5%, with 42 tenant‑owned homes (avg lot rent $419/month) plus long‑term RV lots and vacant RV/mobile home lots.
- Tenant‑paid utilities with public water and sewer billed back to tenants; trash is curbside and billed back through the city water/sewer/trash bill.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 37601, TN
37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 78-unit Spring City MHP & RV features tenant-owned homes, long-term RV lots, and shared paved roads with utility billbacks.
Where is this mobile home & rv park located?
The property is located at 116 SPG CITY DR Johnson City, TN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 78‑unit manufactured housing and RV community on 5.9 acres at 116 Spring City Drive, Johnson City, TN 37601 (Washington County).; Current occupancy is 88.5%, with 42 tenant‑owned homes (avg lot rent $419/month) plus long‑term RV lots and vacant RV/mobile home lots.; Tenant‑paid utilities with public water and sewer billed back to tenants; trash is curbside and billed back through the city water/sewer/trash bill.
