For Auction
Asset Snapshot
Offering Summary
Friedman Real Estate, in partnership with RI Marketplace, is proud to present the exclusive marketing and sale of 36 Simmons Circle, an 8-site mobile home community located in Fayetteville, TN, within the Nashville MSA. This property offers substantial value-add potential, including the immediate opportunity to raise monthly lot rents, which are currently below market levels. With an in-place NOI of approximately $51,000 and a proforma NOI of $70,000, the property is poised for substantial income enhancement. The community is also connected to public water and utilities and features two newly installed septic tanks, providing modern infrastructure for its residents.
Located in Fayetteville, TN, the property benefits from a warm and welcoming community with a rich history, vibrant downtown filled with local shops and eateries, and beautiful parks, making it an attractive location for residents. This is a rare opportunity for an investor to unlock the full potential of this strategically situated mobile home community.
Due Diligence
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
