161 Howell Hl Rd Fayetteville, TN 37334-7912
This exceptional investment opportunity presents a 304,048 square foot mixed-use property situated on a sizable 6.98-acre lot in Fayetteville, Tennessee. The property currently boasts thirteen occupied mobile home units, all operating under month-to-month leases, providing immediate and consistent cash flow. This turnkey operation offers a significant advantage for investors seeking a stable rental income stream. The property's infrastructure is supported by city water and a septic system, ensuring reliable utility services for all tenants. The expansive acreage offers potential for future development or expansion, allowing for significant upside potential. Given the current occupancy rate and the month-to-month lease agreements, this property presents a unique opportunity for immediate returns and long-term growth. The substantial size of the land provides ample room for potential future development, adding further value to this already lucrative investment. This is an ideal acquisition for investors seeking a proven, cash-flowing asset with significant upside potential in a desirable location. The property's current configuration and the existing tenant base provide a solid foundation for immediate returns, while the ample land provides room for future expansion and development. This is a rare opportunity to acquire a well-established, income-producing property in a growing market. The combination of immediate cash flow and future development potential makes this a truly compelling investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.