$650,000

1841 Main St Kimball, TN 37347

Estimated payment $3,508/month

Total Views 9,591
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

Exceptional mobile home park investment opportunity in Kimball, Tennessee, located in the fast-growing Jasper/Kimball corridor! This well-maintained 10-lot mobile home park includes 7 fully renovated Park-Owned Homes and 3 Tenant-Owned Homes, generating $91,500 in gross annual income with a strong 11%+ Cap Rate, ideal for investors seeking turnkey cash flow and long-term growth. Extensive property upgrades feature new metal roofs, PEX plumbing, updated interiors, gravel driveways, and enhanced infrastructure. Utilities include tenant-paid electric & trash. City water, keeping owner expenses low. A reliable, experienced property manager is in place and willing to stay with new ownership, ensuring smooth operations. The park offers excellent expansion potential (pending city approval) with space to add 2-3 additional spaces and an existing structure ready for conversion to boost income. Located minutes from major highways and economic hubs, this mobile home park is strategically positioned to benefit from the region's robust population growth and rising demand for affordable housing. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability and income security. The property includes a fully maintained septic system infrastructure. This is a rare opportunity to acquire a fully operational, cash-flowing mobile home park in one of Tennessee's most promising investment markets.

Listing Agent

Jason Galaz

eXp Realty, LLC License #344914 Listed on: 09/02/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,192

Year Built

  • Built in 1982

Lot Details

  • Lot Dimensions are 769x180x381x150x402

Home Design

  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Insulated Windows
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Internet Available

Listing and Financial Details

  • The owner pays for water, roof maintenance, lawn maintenance, HVAC maintenance, exterior maintenance, electricity, common area maintenance, advertising, taxes, leasing fees, insurance
  • Assessor Parcel Number 119 059.02

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $19,460
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,192

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Directions: Take I‑40 W for about 30 miles to the Exit 356 (I‑75 S toward Chattanooga). Merge onto I‑75 S and continue for approx. 20 miles to Exit 11 for US‑64 W/US‑72 W toward Kimball/Jasper. Stay on US‑64 W/US‑72 W, which is also Main St in Kimball, for about 10 miles into town. Continue on Main St until reaching 1841 Main St on your right.
  • Prop. Type: Multi-Family
  • Year Built: 1982
  • Lot Size: 769x180x381x150x402
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Floors:Laminate: Yes
  • Floors:Tile2: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:Driveway: gravel
  • Roof:Metal4: Yes
  • Roof:Shingle: Yes
  • Misc Features:Internet Available2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Other
  • Owner Pays: Other, Water, Roof Maintenance, Lawn Maintenance, HVAC Maintenance, Exterior Maintenance, Electricity, Common Area Maintenance, Advertising, Taxes, Leasing Fees, Insurance
  • Flooring: Laminate, Carpet, Vinyl, Tile
  • Window Features: Windows - Insulated
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Appliances:Other18: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Construction Type: Vinyl Siding, Other
  • Roof: Shingle, Metal
  • Exterior Features:Windows - Insulated: Yes
  • Construction:Other7: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling, Window Unit(s)
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Propane, Electric
  • Heating Yn: Yes

Lot Info

  • Parcel #: 119 059.02

Rental Info

  • Tenant Pays: Trash Collection, Cooling, Gas, Heating, Electricity

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 91500.0
  • Property Net Operating Income: 72000.0
  • Annual Operating Expense: 19460.0

Tax Info

  • Tax Annual Amount: 1192.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $110 $64,560 $47,040 $17,520
2023 $110 $64,560 $0 $0
2022 $1,191 $64,560 $47,040 $17,520
2021 $1,162 $62,960 $47,040 $15,920
2020 $1,156 $62,960 $47,040 $15,920
2019 $1,156 $50,960 $44,800 $6,160
2018 $1,156 $50,960 $44,800 $6,160
2017 $1,156 $50,960 $44,800 $6,160
2016 $1,156 $50,960 $0 $0
2015 $956 $50,960 $0 $0
2014 $956 $42,160 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 For Sale $650,000 -- --
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $400,000 None Listed On Document
Warranty Deed $270,000 None Listed On Document
Deed -- --
Warranty Deed $155,000 --
Deed $54,000 --
Warranty Deed -- --
Warranty Deed $155,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $313,840 New Conventional
Previous Owner $256,000 No Value Available
Source: Public Records

About the Listing Agent

Jason Galaz

eXp Realty, LLC

(423) 456-2415

Section Image

If you want an agent who actually listens, advocates for you, and understands how to market a home so it sells for maximum value, I’ve got you. Whether you're buying, selling, or planning your next move, I’m here to guide you every step of the way. Call or text anytime, I’d love to help.

As the Leader of the Find A Home Team at eXp Realty, I have learned how to apply my experience to guide homeowners and agents through the process. I personally help buyers and sellers across the Middle

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Source: East Tennessee REALTORS® MLS

MLS Number: 1314020

East Tennessee REALTORS® MLS

APN: 119-059.02