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1841 Main StJasper, TN 37347

Marion County

$635,000List price
9,600Sq Ft
1996Year built
2.90Acre lot
4 months agoOn market

Description

Fully occupied ten-pad mobile home community on US Highway 41 in Kimball, three miles from I-24 and about 35 minutes from Chattanooga. All ten pads leased and current at $7,850 per month, a $94,200 annual gross potential. Stabilized year-one NOI of $62,304 under third-party management, a 9.8% cap rate at $635,000, and about $69,773 NOI for an owner who self-manages, an 11.0% cap. Seven park-owned homes and three tenant-owned homes, with five park-owned homes on twelve-month leases and the balance month-to-month for rent-reset flexibility. Roughly $175,000 in capital improvements completed since 2023, including forty-year metal roofs, PEX plumbing retrofits, metal underpinning on all park-owned homes, and mold remediation on four homes, with $25,000 to $30,000 of 2026 work in progress. Tenants pay electric, gas, and refuse direct. Municipal master-meter water with on-site septic. Seller financing available for qualified buyers. Full due diligence package on file for a fast close.

Property Information

Property type
Commercial Sale
Sub-type
Mixed Use
Year built
1996
Building area
9,600 Sq Ft
Lot size
2.90 acres
Zoning
C-2
Days on market
120
MLS® Listing#
3231819

Property Features

Cooling
None
Heating
None
Roof
Metal
Parcel number
119 05902T004

Directions

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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Listing Courtesy: eXp Realty - 2623374567

Based on information submitted to the MLS GRID as of 2026-05-18 . 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.

Last Updated: 2026-05-18

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