1841 Main Street

Active

Jasper, TN 37347

Bedrooms
0
Bathrooms
1,200.00
Sq Ft
Acres
Updated 41 minutes ago MLS #: 2867511 Listed 3 months ago

$650,000.00

Est. Monthly: $3,137.19
$542
Per Sq Ft

About This Property

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 and 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. Professional photos coming soon!

Location

Subdivision None
Directions Directions from Chattanooga: Take I-24 W toward Nashville for approximately 26 miles. Merge onto US-64 W/US-72 W via Exit 152 toward South Pittsburg/Jasper. Continue for about 5 miles, then take the exit toward Kimball. Turn right onto Main Street. Follow Main Street for approximately 1.5 miles; the property at 1841 Main Street will be on your right.

Interior Features

Heating Electric,Propane
Cooling Wall/Window Unit(s)
Flooring Laminate,Vinyl,Other

Exterior & Property

Stories 1
Construction Materials Vinyl Siding,Other
Sewer/Septic Septic Tank
Water Source Public

Schools

K-5
Elementary School
Jasper Elementary School
6-8
Middle School
Jasper Middle School
9-12
High School
Marion Co High School

Property Details

Property Type Residential Income
Year Built 1980
Annual Taxes $1,819.00
Listing Office eXp Realty
Listing Agent Jason Galaz
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2025-09-10T14:34:18+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Market Insights

Explore market data for Jasper and the None neighborhood

Jasper Market

City-wide statistics

Explore Jasper
149
Active Listings
$411,925.24
Avg Price
2,830
Avg Sq Ft
3.5
Avg Bedrooms

None

Neighborhood statistics

Explore None
21
Active Listings
$574,142.86
Avg Price
3,298
Avg Sq Ft
3.6
Avg Bedrooms

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 2867511

Currently active listing

4 months ago • May 6, 2025

115 days on market

$650,000.00