312 New Summerville Rd, Kingsport, TN 37663

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312 New Summerville Rd is located in Kingsport, TN.

ATTENTION INVESTORS! OPPORTUNITY IS KNOCKING! LOCATION! Own your own Mobile Home Park in Colonial Heights, a very convenient location for all of the Tri-Cities. This Mobile Home Park, sitting on approximately 4 acres, offers 16 Mobile Home rental spaces and 4 Mobile Homes for a total of a 20 unit Mobile Home Park. Tenants pay all utilities and prorate share of property taxes. No City Taxes. Property produces GOI of $3700 per month. With NOI of $32,500 annually, the List Price provides a 9% Cap Rate. PROPERTY IS LEASED, SHOWN BY APPOINTMENT ONLY! TENANTS DO NOT KNOW THAT THE SUBJECT PROPERTY IS FOR SALE!