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Two-Community Mobile Home Park Portfolio
For Sale
$1,000,000

186 Forrest Cir, Mc Kenzie, TN 38201

The two-site portfolio combines park-owned and tenant-owned homes under month-to-month leases.

Property SizeContact for details
Days on Market8

Property Features for 186 Forrest Cir

General Information

Standard status Active
Property subtype Mobile Home Park
Occupancy 50%

Amenities

Majority of Park-Owned Homes
City Water and City Sewer Infrastructure
All Utilities Direct Billed to Residents
Infill and Value-Add Opportunity for Future Growth

Building Details

Year Built 1976
Listed By: Jacob Adami · License #License(s): TX: 841028
Source: Marcusmillichap
Added: Sep 30 Last Checked: Oct 5 at 3:07PM

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 Jacob Adami

Investment Insights

Based on property information with market context.

This manufactured housing portfolio spans two communities in McKenzie, Tennessee, with 67 spaces and 46 homes: 44 owned by the parks and two owned by residents. Occupancy has historically been approximately 50%, and all current tenancies are month to month. An on-site manager is in place and willing to stay after a sale.

The properties are along U.S. Highway 79, with nearby communities including Huntingdon, Atwood, Gleason, Dresden, and Paris; Jackson is approximately 40 miles southwest. Forrest MHP has McKenzie Utilities water and sewer service. Hilltop MHP uses city water and a private septic system. Electricity is separately metered at both locations and paid by tenants, who also pay for trash and cable TV.

Key Highlights

  • 67 spaces across two communities in McKenzie, Tennessee
  • 44 park‑owned homes and two tenant‑owned homes
  • Historical occupancy is approximately 50%; all current tenancies are month to month

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Law Firm Dental Office Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

267
Businesses Nearby

Demographics for 38201, TN

10,095
Population
4,124
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
139.2 sq mi
ZIP Area
73
Density / Sq Mi
$46,585
Median Household Income
$32,951
Median Earnings
$669
Median Rent
$155,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - The two-site portfolio combines park-owned and tenant-owned homes under month-to-month leases.
Where is this mobile home & rv park located?
The property is located at 186 Forrest Cir Mc Kenzie, TN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 67 spaces across two communities in McKenzie, Tennessee; 44 park‑owned homes and two tenant‑owned homes; Historical occupancy is approximately 50%; all current tenancies are month to month
More about this property
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