Current Use by Public Records
- Mobile home & RV parks
Property Details for 311 Thompson Rd
- Lot size
- 3.36 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Monroe
- State
- Tennessee
- Longitude
- -84.4132
- Latitude
- 35.5271
