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311 Thompson Rd
Madisonville, TN 37354
Multifamily Property For Sale
·
6,190 SF
Investment Highlights
- Currently generating consistent income with a reported NOI of $70,436 and clear value-add potential.
- Property includes essential infrastructure with water service and landscaped grounds.
- Positioned in a quiet, rural setting with room for operational improvements and long-term growth.
- Features seven single-story framed structures with a total rentable space of 6,190 square feet.
- Located near Knoxville MSA, offering access to regional amenities and employment centers.
Executive Summary
Mike Fuller Realty & Co. is pleased to present the rare offering of this 7-lot mobile home park on 3.27 Acres of land in a desirable country setting. Currently producing good income with clear value-add potential through rent adjustments and property enhancements. Perfect for investors seeking steady cash flow with room to scale.
Property Facts
| Price Per Unit | $145,306 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.27 AC |
| Cap Rate | 9.40% | Building Size | 6,190 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 2.58/1,000 SF |
| Apartment Style | Single-Family Home |
| Price Per Unit | $145,306 CAD |
| Sale Type | Investment |
| Cap Rate | 9.40% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 3.27 AC |
| Building Size | 6,190 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.58/1,000 SF |
Property Taxes
| Parcel Numbers | Improvements Assessment | $84,776 CAD | |
| Land Assessment | $50,320 CAD | Total Assessment | $135,096 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$50,320 CAD
Improvements Assessment
$84,776 CAD
Total Assessment
$135,096 CAD
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