311 Thompson Rd Madisonville, TN 37354
This exceptional investment opportunity presents a nine-unit mobile home park situated on a spacious 3.36-acre lot in Madisonville, Tennessee. The property, located at 311 Thompson Rd, boasts a total of 6,190 square feet of living space, with each unit contributing to a strong rental income stream. The asking price is $699,900, translating to a price per square foot of $113.07. The land itself offers significant value, with a price per acre of $208,515.93. The property's address is verified as 311 Thompson Rd, Madisonville, TN 37354, and its location is further confirmed by the APN: 055 03901. This established mobile home park presents a compelling investment prospect for those seeking a stable, cash-flowing asset in a desirable Tennessee location. The property consists of single-story buildings, offering ease of maintenance and management. The park's size and established tenant base provide a solid foundation for continued growth and profitability. This is a turnkey operation ready for a new owner to step in and begin generating income. Serious inquiries are encouraged to explore this lucrative opportunity further. The property is offered for sale as is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.