**OWNER FINANCING 12 CAP% 29LOT ++ LOCATION | 39 Bruce Green Rd
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**OWNER FINANCING 12 CAP% 29LOT ++ LOCATION 39 Bruce Green Rd
29 Unit Mobile Home Park $2,012,314 CAD ($69,390 CAD/Unit) 12.44% Cap Rate Dunlap, TN 37327
Investment Highlights
- UNITS IN TOWN WITHIN CLOSE WALKING DISTANCE TO WALMART, STORES AND RESTAURANTS
- ALL TENANTS PAY UTILITIES
- BRUCE GREEN LOTS INDIVIDUALLY PARCELED AS A PLATTED NEIGHBORHOOD WITH SCENIC MOUNTAIN VIEWS
- ROOM FOR MORE UNITS WITH 9 ACRES OF SPACE
Executive Summary
50% to owner finance for both or buy the small park separately for 25% down 2 Parks in the scenic Sequatchie Valley of the Cumberland Plateau Partly in the busy town , 25 Minutes from DT Chattanooga. 29 Lots total that can be utilized now, one Residential stick built home. Most are park owned except for 2 lot rents at Wigley. More expansion is possible also. Both parks are individually metered for water, trash is included in the city services, Everyone at Bruce Green Mowes his own yard. One manager can be arranged for both parks, being close together and also with in walking distances to Walmart, McDonalds, brand new Jacks many other stores and restaurants. Bruce green in on sewer with approximately 4.5 acres, Wigley Loop is on Septic with 4.3 Acres for total approximately 9 Acres total
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$308,602
|
$25.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$308,602
|
$25.72
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$58,307
|
$4.86
|
| Net Operating Income |
$250,295
|
$20.86
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $308,602 |
| Annual Per SF | $25.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $308,602 |
| Annual Per SF | $25.72 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,307 |
| Annual Per SF | $4.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $250,295 |
| Annual Per SF | $20.86 |
Property Facts
| Price | $2,012,314 CAD | Apartment Style | Garden |
| Price Per Unit | $69,390 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 12.44% | Average Occupancy | 95% |
| No. Units | 29 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2018 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $2,012,314 CAD |
| Price Per Unit | $69,390 CAD |
| Sale Type | Investment |
| Cap Rate | 12.44% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Lot Size | 0.19 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2018 |
| Opportunity Zone |
Yes |
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**OWNER FINANCING 12 CAP% 29LOT ++ LOCATION | 39 Bruce Green Rd
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