Radio City Reserve – Mobile Home Community | Nashville, TN MSA

Investment Highlights

• 25-Site Mobile Home Park Community Located in Fayetteville, TN (Nashville, TN MSA)
• Significant Value-Add Potential with opportunities to fill vacant sites and park-owned homes.
• Blended T-12 NOI is ±$50,000 at ±72% occupancy
• Average lot rent is lower than that of competing parks in the area, which have an average occupancy rate of 95%.
• The community is connected to public water and sewer systems, with meters installed to track residents’ usage.
• Fayetteville, TN, offers a warm, welcoming atmosphere with a rich history, beautiful parks, and a vibrant downtown filled with local shops and eateries, making it a delightful place to live or visit.

Property Overview

Friedman Real Estate, in partnership with RI Marketplace, is pleased to offer the exclusive marketing and sale of Radio City Reserve, a 25-site mobile home community located in Fayetteville, TN, within the Nashville MSA. This property presents significant value-add potential, with opportunities to fill vacant sites and park-owned homes, and to increase the currently lower-than-market average lot rent. The community is connected to public water and sewer systems, with meters installed to monitor residents' usage. At ±72% occupancy, the blended T-12 NOI stands at approximately $50,000, while competing parks in the area boast an average occupancy rate of 95%. This is a unique opportunity for a new owner to capitalize on the upside potential.

Fayetteville, located within the Nashville MSA, offers a charming blend of Southern hospitality and close-knit community spirit. The area provides convenient access to Nashville’s vibrant cultural scene, while also offering the tranquility and natural beauty of rural Tennessee. Residents can enjoy local parks, recreational activities, and nearby amenities. With its appealing environment and prime location, Fayetteville presents a compelling investment opportunity in the mobile home park sector.