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1841 Main St

Jasper, TN 37347
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Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County. The numbers are real, not projected. Through the first six months of 2026 the community collected $45,640 against $13,003 in operating expense, an annualized run rate of $69,296 net operating income at the $635,000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on- site septic. Current ownership has invested roughly $175,000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1,869 per year. Marion County property taxes run about $1,939 annually, and Tennessee has no state income tax. Seller financing is available to qualified buyers at $650,000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days. Buyer to verify all information.

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Detail Ic Property Details

Property Type : Residential Income

Price : $635,000

AD Id : 87662571

MLS Id : RTC3261138

Living Area Size : 9,600

Year Built : 1996

County : Marion County

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Feature Features

  • Interior Features

    Roof: Metal

    Roofing Information

    Metal
  • Flooring Information

    Flooring: Carpet, Laminate, Other Construction Materials: Other
  • Heating & Cooling

    Heating: Other Has Heating: Yes Cooling: Ceiling Fan(s), Central Air, Other, Wall/Window Unit(s) Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 1996

  • Lot Information

    Lot Dimensions: 2.9

    Property Information

    Property Type: Residential Income Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$635000

  • Tax Information

    Annual Tax: $52 Parcel Number: 119 05902T004

  • School Information

    Elementary School: Jasper Elementary School Junior High School: Jasper Middle School Senior High School: Marion Co High School
  • Utility Information

    Water Available Sewer: Septic Tank Water Source: Public
  • Location Information

    Subdivision: none City: Jasper Direction: Nashville: Take I-24 E toward Chattanooga approximately 95 miles.Exit 152B to merge onto US-64 W/US-72 W toward Jasper/South Pittsburg. After 5 miles, take exit toward Kimball. Turn right onto Main Street & follow for about 1.5 miles; Property on Right
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
190 Jasper Gulch Drive, Jasper, TN, 37347 $429,900 4 3 1,870 1,870 SqFt
3699 Crockett Pointe, Jasper, TN, 37347 $99,900 -- -- --
180 Jasper Gulch Drive, Jasper, TN, 37347 $369,900 3 2 1,373 1,373 SqFt
Clubhouse Drive, Jasper, TN, 37347 $110,000 -- -- --
170 Jasper Gulch Drive, Jasper, TN, 37347 $389,900 4 2 1,737 1,737 SqFt
128 Brindalene Lane, Jasper, TN, 37347 $270,000 4 2 1,352 1,352 SqFt
250 Cameron Road, Jasper, TN, 37347 $599,900 3 3 1,737 1,737 SqFt
593 Dover Road, Jasper, TN, 37347 $395,700 3 2 1,885 1,885 SqFt
200 Dream Circle, Jasper, TN, 37347 $135,000 3 2 1,344 1,344 SqFt
290 Edgewater Way, Jasper, TN, 37347 $3,375,000 4 5 6,351 6,351 SqFt
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ByOwner last updated this listing 07/20/2026 @ 06:20

MLS: REALTRAC #3261138 LISTED BY: Gabrielle (Gabbie) McIntosh, eXp Realty 888-519-5113 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)

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