💸 Whitwell Mobile Home 5⃣ Pack! (OFF MARKET) 💸

Marion County, Whitwell, TN, 37397 Reveal the address
$125,000
4000 sq ft
For Sale

Facts and Features

Type
Manufactured
Parking
Assigned
Year build
1996
Lot size
acres
Bedrooms
10
Sq. Footage
4000
Bathrooms
5

Summary

✔️✔️Check out this killer opportunity to grab some amazing cash flow! 👀 🔭


  • 5 Single Wide Mobile Homes all on 1 parcel!
  • Each rents for $500 each per month
  • Individual electric meters - tenants paid
  • Owner pays water bill
  • Tenants pay for grass cutting or cut their own
  • All tenants are paying on time
  • There are 3 septic tanks on the property - all emptied in the last year
  • Property taxes - $288.62 PER YEAR!
  • Roughly 3/4 of an acre (30.976 sq ft)
  • Marion County TN
  • Handyman lives on site if you decide to use him going forward
  • You are buying the land and the mobile homes.. the tenants are just renters, they do not own the units
  • Each unit has a storage shed

The upside here is to do a good clean of the property and then pressure wash and put a fresh coat of paint on these units to then bump the rents even higher! At $2,500 a month with such low expenses, this deal is a no-brainer! Don't wait too long.. we get tons of calls every week from investors like you wanting this type of deal with upside and cash flow! All units are currently rented.. one tenant may be relocating to Nashville and if so, the last unit cost $1,500 to rehab and you can bump the rent. When these are posted on FB for rent there are dozens of people calling to get them because of the shortage of units in the area.

Unit #1 - LONG TERM TENANT

Unit #2 - Handyman - best unit

Unit# 3 - Long term tenant

Unit #4 - This tenant is moving in the next couple months

Unit #5 - Updated unit with new tenants

There are a lot of things you can do here.. yes, they are older units BUT they cash flow like crazy! All of the rents can be pushed up as much as $100 each. Previous owner said when he posts them on FB Marketplace for rent he gets almost 100 inquiries. 

You could bump the rent and if anyone leaves, rehab the unit and push it up more. 

The good thing about MH's is that they are pretty easy to make repairs and a rehab can be done for less than 5k! A good paint job on the exterior and clean up the yard would do wonders here. Tenants currently cut their own grass.

You could also sell the units to the tenants with owner financing and then collect that payment till it paid off and then just collect lot rent if you don't wanna fool with any repairs.



All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $2,000 -$5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. ____ NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF NPL REI LLC. Any property information received by you is proprietary information belonging to NPL REI LLC, and its affiliates (“NPL”). All Properties are currently under Contract to NPL. Any transaction consummated by you will be pursuant to an assignment of NPL REI LLC’s Contract. Any unauthorized contact will be considered intentional interference with a Contract and may result in legal action being taken against you. Nationwide Property Liquidators provides only estimated repair costs and property values based on comparable sales.

Estimated Spread

$200,000
ARV
-$125,000
Price
$75,000
Spread

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Off Market Mobile Homes in Whitwell, TN!

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Location and Comparables

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