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    8903 Nelson Rd Soddy-Daisy, TN 37379

    For Sale
    $600,000

    8-Unit, 100% Occupancy, Stabilized Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8-unit mobile home park presents a compelling investment opportunity in the thriving Soddy-Daisy, Tennessee market. Located at 8903 Nelson Road and encompassing additional units on Wilkes Avenue, this fully occupied property boasts a strong financial performance with a gross monthly income of $6,425. The park's eight buildings are currently generating consistent revenue, offering immediate cash flow for investors. Tenants are responsible for all utilities, minimizing operational expenses. Annual lawn care costs are $3,465, and annual property taxes total $1,397.16. The property's strategic location off Hixson Pike provides convenient access to local amenities. Individual unit rents range from $575 to $1,050 per month. This stabilized investment is ideal for portfolio expansion or new ventures, providing a solid foundation for future growth in a rapidly developing area. The property offers a proven track record of success and presents a rare opportunity to acquire a high-performing asset in a desirable location. This is a turnkey operation ready for immediate income generation.

    Property Features for 8903 Nelson Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Buildings
    8
    Units
    8

    HighLights

    • $600,000 asking price for a stabilized mobile home park investment.
    • 8‑unit mobile home park with 100% occupancy.
    • Located in Soddy‑Daisy, TN, offering strong financials and income growth potential.
    • Conveniently located off Hixson Pike with access to amenities.
    • Gross monthly income of $6,425, with tenants paying all utilities; annual expenses include $3,465 for lawn care and approximately $1,397.16 in taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Soddy-Daisy
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1461438
    Latitude
    35.208172

    Nearby Similar for Sale

    • $625,000
      1,260 SF

      Soddy-Daisy Retail Investment

      Prime corner lot, two buildings, vacant.
      9814 Dayton Pike, Soddy-Daisy, TN 37379
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 8-Unit, 100% Occupancy, Stabilized Investment
    Where is this multifamily property located?
    The property is located at 8903 Nelson Rd Soddy-Daisy, TN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price for a stabilized mobile home park investment.; 8-unit mobile home park with 100% occupancy.; Located in Soddy-Daisy, TN, offering strong financials and income growth potential.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8903 Nelson Rd Soddy-Daisy, TN 37379
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