Atwood Acres MHP — Sale in Atwood, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Atwood, TN 38220

Photos

Atwood Acres MHP — Sale in Atwood, TN, photo 1 of 5
Atwood Acres MHP — Sale in Atwood, TN, photo 2 of 5
Atwood Acres MHP — Sale in Atwood, TN, photo 3 of 5
Atwood Acres MHP — Sale in Atwood, TN, photo 4 of 5
Atwood Acres MHP — Sale in Atwood, TN, photo 5 of 5

Investment Figures

Cap rate
6.93%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Atwood Acres MHP, a 32-space manufactured housing community located at 2945 US-79,Atwood, Tennessee. Situated directly along U.S. Highway 79, the property benefits from excellent visibility and convenient access to surrounding communities. The park is approximately 3 miles from downtown Atwood, 10 miles from McKenzie, 16 miles from Huntingdon, and 25 miles from Jackson, placing residents within easy commuting distance of major employment, retail, healthcare, and educational amenities throughout West Tennessee. Its strategic location along a primary transportation corridor enhances long-term tenant demand while offering investors exposure to a stable, rural market with strong regional connectivity. Atwood Acres MHP is being offered at a 6.93 percent capitalization rate with an estimated net operating income of $152,414. The park consists of 30 park-owned homes, 2 tenant-owned homes, and a 10-unit storage building, with approximately 1 acre available for expansion. Historically, the park operated at 85 percent occupancy, with all tenants on long-term leases; 100 percent secured on 12 month agreements, providing stable and predictable cash flow. Monthly rents average $755, below the local market range of $825-$1000. The community is serviced by Atwood Utilities for water and sewer, while water, sewer, electric, and trash are all separately metered and paid directly by the tenants. The property is currently owner-managed, with experienced on-site managers willing to stay on after a sale. With long-term leases, strong historical occupancy, and a utility structure that minimizes owner expenses, Atwood Acres MHP presents an attractive opportunity for long-term ownership. Please do not visit the park without prior approval, and all property tours must be arranged through Marcus & Millichap listing agents. Investment Highlights: • 32-Space Manufactured Housing Community with a majority of Park-Owned Homes • Tenants Direct Billed All

Market Context

This multifamily in Atwood, TN is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Atwood, TN — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Tennessee