1-16 Ez Ln
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1-16 Ez Ln
16 Unit Mobile Home Park $1,040,000 ($65,000/Unit) 7.02% Cap Rate Manchester, TN 37355
Investment Highlights
- Located a mile from Interstate 24 providing access to Chattanooga and Nashville, TN
- $33,189 Spent on capital improvements in the past 48 months
- In 2023, approximately 100 tons of gravel has been regraded to fill in potholes and to ensure proper drainage
- Convenient access to nearby groceries, dining, and shopping
- Some units have been completely remodeled in the past 3-4 years
- Large lot sizes
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/168164/ez-lane-mhp
Marcus & Millichap has been selected to exclusively market for sale the EZ Lane MHP in Manchester, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in middle Tennessee.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE EZ LANE MHP.
Marcus & Millichap has been selected to exclusively market for sale the EZ Lane MHP in Manchester, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in middle Tennessee.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE EZ LANE MHP.
Property Facts
| Price | $1,040,000 | Building Class | C |
| Price Per Unit | $65,000 | Lot Size | 14.33 AC |
| Sale Type | Investment | Building Size | 19,200 SF |
| Cap Rate | 7.02% | No. Stories | 1 |
| No. Units | 16 | Year Built | 1994 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $1,040,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 14.33 AC |
| Building Size | 19,200 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 1.67/1,000 SF |
Unit Amenities
- Refrigerator
- Range
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PROPERTY TAXES
| Parcel Number | 084-035.00 | Improvements Assessment | $12,760 |
| Land Assessment | $25,560 | Total Assessment | $38,320 |
PROPERTY TAXES
Parcel Number
084-035.00
Land Assessment
$25,560
Improvements Assessment
$12,760
Total Assessment
$38,320
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Patrick Cosgrove -
Daniel Cosgrove -
Marcus & Millichap
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