$635,000
 $3,409 est/mo Sourced by Back At You

1841 Main St,Jasper, TN 37347

Jasper, TN 37347

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Description

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.

Details

MLS #3261138
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1996
Days On Site93
Listing Provided ByeXp Realty | Gabrielle (Gabbie) McIntosh

Features

SQ Feet9,600
Story(s)1
Units10
Zoningc2-r1
Acreage2.90
Property ViewYes

Exterior

ViewBluff, City, Other

Parking

Garage Yes / NoNo

Taxes

Property52

Area Information

StateTN
CountyMarion County
CityJasper
Zip Code37347
AreaMarion County | TN
School DistrictMarion Co High School
Elementary SchoolJasper Elementary School
High SchoolMarion Co High School
Listing VS Median (in 37347)
Price:
$635,000
low | high
Med:
$645,900
48.283464566929% of Average
sqft:
9,600
low | high
Med:
2,100
100% of Average
$ / sqft:
$66
low | high
Med:
$308
100% of Average
On site:
93
low | high
Med:
24
100% of Average
Sourced by Back At You

Market Activity 37347

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 7, 2026 at 7:40:07 PM PDT 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.

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Learn More About This Property

StateTN
CountyMarion County
CityJasper
Zip Code37347
AreaMarion County | TN
School DistrictMarion Co High School
Elementary SchoolJasper Elementary School
High SchoolMarion Co High School
Listing VS Median (in 37347)
Price:
$635,000
low | high
Med:
$645,900
48.283464566929% of Average
sqft:
9,600
low | high
Med:
2,100
100% of Average
$ / sqft:
$66
low | high
Med:
$308
100% of Average
On site:
93
low | high
Med:
24
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $476K - $793K
sqft: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
1841 Main St Property Photo 1
$635,000
1841 Main St
Jasper, TN 37347
Listing Updated: September 29, 2026 at 3:38:30 PM PDT