Don't miss this outstanding income-producing investment opportunity! Situated on 1.9 acres with a private drive, this property includes 6 mobile homes, all currently occupied by long-term tenants, plus an additional mobile home located on a rented adjoining lot. With a proven annual rental income of $55,200, this turnkey property offers immediate cash flow and strong investment potential. Whether you're looking to expand your rental portfolio or make your first investment, this property provides stable income with established renters already in place. A rare opportunity to own a fully occupied, income-producing property with consistent rental history! Give me a call or shoot me a text today at (731) 676-5909 for your personal tour.
| MLS #: | 2603492 |
|---|---|
| List Price: | $264,900 |
| Close Price: | $264,000 |
| Close Date: | 2026-08-28 |
| Property Type: | Residential Income |
| Property Sub Type: | Mobile Home Park |
| Status: | Closed |
| Living Area: | 5,000 |
| Tax Annual Amount: | $812 |
| Lot Size Square Feet: | 82,764.0 |
| Lot Size Acres: | 1.9 |
| Waterfront?: | No |
| City: | Milan |
| County Or Parish: | Gibson |
| Postal Code: | 38358 |
| Year Built: | 1988 |
| Cooling: | Central Air |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Cooling?: | Yes |
| State Or Province: | TN |
| Other Structures: | Shed(s), Storage |
| Utilities: | Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Underground Utilities, Water Connected, Fiber Optic Available |
| Sewer: | Septic Tank |
| Status: | Closed |
| Lot Size Area: | 1.9 |
| Parking Features: | Direct Access, Gravel, Open, Outside |
| Heating: | Heat Pump |
| Water Source: | Public |
| Lot Size Dimensions: | 153 x 671 irr |
| Parcel Number: | 120 096.00 |
| Patio And Porch Features: | Front Porch, Porch |
| Roof: | Metal |
| Directions: | From the intersection of Hwy 45 and Hwy 79 in Milan, travel north on Hwy 45 approximately 2.7 miles to the property on the right. |
| Owner Pays: | Common Area Maintenance |
| Parking Total: | 21 |
| Tenant Pays: | All Utilities, Cable TV, Electricity, Telephone, Water |
| Road Frontage Type: | Highway, Private Road |
| Road Responsibility: | Private Maintained Road |
| Special Listing Conditions: | Standard |
| Original List Price: | $264,900 |
| Possession: | Close Of Escrow |
| Living Area Source: | Other |
| Road Surface Type: | Gravel |
| Stories Total: | 1 |
| Basement YN: | No |
| General Property Information Accessibility Features Yn: | No |
| Contract Information Comp Sale Yn: | No |
| Meter Information Number Of Separate Electric Meters: | 7 |
| Meter Information Number Of Separate Water Meters: | 7 |
| Number Of Units Leased: | 7 |
| Levels: | One |
| Open Parking?: | Yes |
| Elementary School District: | Milan School District |
| Open Parking Spaces: | 14.0 |
| Number Of Units Month to Month: | 7 |
| Total Actual Rent: | $55,200 |
| Financial Data Source: | Owner |
| 2-bedroom Unit Details Units Total: | 5 |
| 2-bedroom Unit Details Unit Type Total Rent: | $3,400 |
| 3-bedroom Unit Details Units Total: | 2 |
| 3-bedroom Unit Details Unit Type Total Rent: | $1,200 |
| General Property Information Number Of Buildings: | 7 |
| General Property Information Number Hvac Units: | 6 |
| General Property Information List Price/acre Backup: | $139,421 |
| General Property Information Sold Price/acre: | $138,947 |
| General Property Information Number Of Units Total: | 7 |
| Contract Information Original Entry Timestamp: | 2026-07-24T11:27:47-05:00 |
| Location, Tax, And Legal County Tax: | $296 |
| Location, Tax, And Legal City Limits: | No |
Listing Courtesy of: Hickman Realty Group, Inc.-Mil
Listing Agent: Jay Black
731-676-5909
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The data on this website relating to real estate for sale comes in part from the IDX Program of the Central West Tennessee Association of REALTORS®.
All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 Central West Tennessee Association of REALTORS®.
Central West Tennessee Association of REALTORS® data last updated on November 04, 2026 02:44 PM - CT.
Property Last Updated: November 04, 2026 02:44 PM - CT
