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USATNJasper1841 Main St
Listing image | Image 1

1841 Main St, Jasper, TN

House

For Sale

Listed price in listed location currency (USD).
$635,000

000

MLS® 3261138

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 9600 sqft
Garage 
Taxes $52
Days Active 6
Lot Size 
Approx. Age 1996
Avg. Price Per Sqft $66
MLS® Number 3261138

Property Address: 1841 Main St, Jasper, TN, 37347-5646

Average square foot calculated using Size range provided by listing agent.

Description

Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County. The numbers are real, not projected. Through the first six months of 2026 the community collected $45, 640 against $13, 003 in operating expense, an annualized run rate of $69, 296 net operating income at the $635, 000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic. Current ownership has invested roughly $175, 000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1, 869 per year. Marion County property taxes run about $1, 939 annually, and Tennessee has no state income tax. Seller financing is available to qualified buyers at $650, 000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days. Buyer to verify all information.
MLS® Number3261138
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1996
Basement
Driveway
Garage Spaces
HeatOther
A/CCeiling Fan(s), Central Air, Other, Wall/Window Unit(s)

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

431 days

Today, For Sale for $635,000

For Sale · 6 days

$635,000

MLS® 3261138

6 days ago

Not Sold Yet

July 2026, For Sale for $635,000

For Sale · 6 days

$635,000

MLS® 3261138

6 days ago

Not Sold Yet

May 2025, Other for $650,000

Other · 431 days

$650,000

MLS® 2867511

A year ago

Not Sold Yet

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