1841 Main St Kimball, TN 37347
Estimated payment $3,508/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $650,000 | -- | -- |
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 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $313,840 | New Conventional | |
| Previous Owner | $256,000 | No Value Available |
About the Listing Agent
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
Jason's Other Listings
Source: East Tennessee REALTORS® MLS
MLS Number: 1314020
APN: 119-059.02
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