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Maria Lopez Tello

maria@mariachattrealtor.com +1(423) 331-0491

$ 299,000

Est. payment -/mo

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Active

434 Pine ST Whitwell, TN 37397

6 Baths

4,000 SqFt

UPDATED:

Key Details

Property Type Mobile Home

Sub Type Mobile Home Park

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $74

MLS Listing ID 1529118

Style Modular

Year Built 1996

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions 176X200.7X176X208.7

Property Sub-Type Mobile Home Park

Source Greater Chattanooga REALTORS®

Property Description

This 5-unit trailer park presents a strong value-add investment opportunity with significant upside potential. Currently, four units are occupied and generating $3,100 per month in gross income ($37,200 annually), while one unit is vacant and ready for renovation and lease-up. Market rents for similar units are approximately $850 per month, bringing the stabilized gross income potential to $4,250 per month, or $51,000 annually. Each unit has a separate electric meter, with tenants responsible for their own electricity. Water is on a single master meter and paid by the landlord, averaging approximately $180 per month. Additional operating expenses run about $350 per month. This property offers a clear path to increased cash flow through renovating the vacant units and adjusting rents to market levels. Drive-by viewings are welcome; however, please do not disturb current tenants. The seller will also provide vendor and service contacts to ensure a smooth transition for the new owner.

SQFT total is total combined estimate of all 5 units. Exact age of the homes are unknown but site pads were built in 1996 according to records.

Buyer/agent to verify any information they deem important. Property does require flood insurance.

Location

State TN

County Marion

Area 0.94

Interior

Interior Features Other

Heating Electric, Other

Cooling Electric, Other

Flooring Luxury Vinyl, Other

Equipment None

Fireplace No

Window Features Other

Appliance Free-Standing Refrigerator, Free-Standing Electric Oven

Heat Source Electric, Other

Laundry In Unit

Exterior

Exterior Feature None

Parking Features Gravel

Garage Description Gravel

Pool None

Community Features None

Utilities Available Electricity Connected, Water Connected

Roof Type Metal

Porch None

Garage No

Building

Lot Description Level

Faces I-24 E Towards Chattanooga, Take Exit 155 for TN-28 Towards Jasper/Dunlap, Turn Left onto TN-28 N/Chasey Simpson Rd. Turn Left onto TN-108 N, Turn Right onto N. Pine St. Property Will Be On The Right.

Story One

Sewer Septic Tank

Water Public

Architectural Style Modular

Additional Building None

Structure Type Other

Schools

Elementary Schools Whitwell Elementary

Middle Schools Whitwell Middle

High Schools Whitwell High School

Others

Senior Community No

Tax ID 033o A 00600 000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Yes

Greater Chattanooga Association of REALTORS(GCAR MLS)

Listed by Blackwell Realty and Auction

Maria Lopez Tello

Broker | Team Leader | License ID: TN 365231

+1(423) 331-0491

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Maria Lopez Tello

434 Pine ST Whitwell, TN 37397

Key Details

Location

Interior

Exterior

Building

Schools

Others

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434 Pine ST