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1501 E Depot St Shelbyville, Tennessee 37160
For Sale

Price: $1,299,999

Available Square Footage: 12,500 sf
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Description

FOR SALE | 16-Unit Mobile Home Park | 100% Occupied
Asking Price: $1,299,999
1501 E Depot Street, Shelbyville, TN 37160
Excellent opportunity to acquire an established, income-producing manufactured housing
community situated on approximately 3.11 acres in Shelbyville, Tennessee.
The property features 16 park-owned mobile homes and was 100% occupied at the time of listing.
The community benefits from public water and sewer, individually metered utilities, paved
interior roads, and convenient access to local shopping, employment centers, and medical
facilities. With established rental income and opportunities for market-supported rent increases, this
property offers investors an attractive combination of current cash flow and long-term growth
potential. 2026 income and NOI are budgeted and recasted. Total Square Footage is an estimate.
Investment Highlights
• 16 park-owned mobile homes
• 100% occupancy
• Approximately 3.11 acres
• Public water and sewer
• Established income-producing community
• Potential for rental income growth
• Convenient Middle Tennessee location

ADDITIONAL INVESTMENT OPPORTUNITY: A second mobile home park located at
1675 Madison Street in Shelbyville is also available for purchase separately. The additional
property features 18 rental units, including 17 park-owned mobile homes and one single-family
residence, and is offered at $1,499,999. Investors have the opportunity to acquire either property
individually or explore the purchase of both properties as a 34-unit investment portfolio.

Contact Tom at 615-790-5099 for additional information, financial details, and property tours.

This property is co-listed with Greg Sanford with Greg Sanford Real Estate. 615-300-0753.

Details

Property type: Building

Sub type: Multifamily

Price: 1,299,999

Available square feet: 12,500 sf

Net operating income: 95625

Year built: 1960

Zoning: C2, Highway Service

Tax ID: 089 017.02

Sale status: Open

Sale / lease: For Sale

Cap rate: 7.4

Building square feet: 12,500 sf

Acreage: 3.11

Building class: C

Tenancy: 100%

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