Manufactured Housing Park
New
For Sale
Contact for pricing
178 Ridgeside Dr, Dayton, TN 37321
Two manufactured housing parks with park-owned homes and distinct occupancy profiles across Tennessee and Georgia.
Property SizeContact for details
Days on Market7
Property Features for 178 Ridgeside Dr
General Information
Standard status
Active
Property subtype
Mobile Home Park
Occupancy
85%
Investment Type
Value Add
Net Operating Income
$156,942
Financials
Asking Price
$1,598,000
Cap Rate
9.8%
Additional Details
Multifamily Units
27
Building Details
Units
27
Tenancy
Multi
Listing Agency:
Commercial Real Estate Investors, Inc.
(949) 996-7096
Listed By:
Dimitre Petrov · License #02071423
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 12:53PM
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 Commercial Real Estate Investors, Inc.
Investment Insights
Based on property information with market context.
This manufactured housing portfolio includes 27 park-owned homes across two communities: Dayton MHP in Rhea County, Tennessee, and Armuchee MHP in Floyd County, Georgia. The properties are available individually or together. Dayton is currently 71% occupied, with one additional home under lease pending. The City has confirmed no zoning restrictions on the property, and ownership reports favorable soil percolation conditions. Any additional homesites would remain subject to engineering review.
Armuchee is fully occupied with 13 of 13 homes leased and has an in-place cap rate of 10.15%. The property’s normalized cap rate is approximately 8.7% after a post-sale tax reset, while rents have increased approximately 8% over the past 12 months. The portfolio provides two separate operating profiles, combining a partially leased community with a fully occupied park.
Armuchee is fully occupied with 13 of 13 homes leased and has an in-place cap rate of 10.15%. The property’s normalized cap rate is approximately 8.7% after a post-sale tax reset, while rents have increased approximately 8% over the past 12 months. The portfolio provides two separate operating profiles, combining a partially leased community with a fully occupied park.
Key Highlights
- 27 park‑owned homes across two mobile home parks
- Dayton MHP is 71% occupied, with one additional home under lease pending
- Armuchee MHP is 100% occupied at 13 of 13 homes
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 37321, TN
19,823
Population
8,947
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
114.0 sq mi
ZIP Area
174
Density / Sq Mi
$59,182
Median Household Income
$35,883
Median Earnings
$819
Median Rent
$168,000
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 - Two manufactured housing parks with park-owned homes and distinct occupancy profiles across Tennessee and Georgia.
Where is this mobile home & rv park located?
The property is located at 178 Ridgeside Dr Dayton, TN.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: 27 park‑owned homes across two mobile home parks; Dayton MHP is 71% occupied, with one additional home under lease pending; Armuchee MHP is 100% occupied at 13 of 13 homes
