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896 Meadow View Road
Bristol, TN 37620
Asking Price
$395K
Asset Type
Mobile-home-park
Class
Class B
What's Special
<p>Excellent Investment Opportunity to own a Mobile Home Park. What a great location only minutes to Bristol Regional hospital, The Pinnacle Shopping Center, Hard Rock Casino & Interstate 81. This sale is for the land only the tenants own the mobile homes. There is a total of 18 pad ready sites, 3 septic systems. Currently 12 sites are leases. The annual income is $26,400. The property is Zoned R-3. This coulee be a redevelopment site for apartments, senior assisted living faculty, or profession
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NOI
$80,000
Cap Rate
20.25%
DSCR
3.41
Strong
Cash-on-Cash
47.72%
Monthly Payment
$1,954.244
Annual Cash Flow
$56,549.066