McKenzie MHC Portfolio — Sale in Mckenzie, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mckenzie, TN 38201

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Investment Figures

Cap rate
9.26%

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 McKenzie MHC Portfolio, a 67-space manufactured housing community located at 186 Forrest Cir and 63 Hilltop Dr in McKenzie, Tennessee. Situated along U.S. Highway 79, the property offers convenient access to surrounding communities throughout West Tennessee. McKenzie serves as the immediate population and service center, with Huntingdon, Atwood, Gleason, Dresden, and Paris nearby, while Jackson is approximately 40 miles southwest. The location provides residents with access to employment, retail, healthcare, dining, and educational amenities while maintaining the affordability of a smaller rural community. McKenzie MHC Portfolio is being offered at an 9.25 percent capitalization rate with an estimated net operating income of $92,480. The portfolio consists of 44 park-owned homes and two tenant-owned homes across the two communities. Historically, the parks have operated at approximately 50 percent occupancy, with all tenants currently on month-to-month leases. Monthly rents average $450 at Hilltop MHP and $400 at Forrest MHP, significantly below the local market range of approximately $700 to $1,000, providing investors with an opportunity to increase revenue through lease-up and rental rate adjustments. Forrest MHP is serviced by McKenzie Utilities for water and sewer, while Hilltop MHP utilizes city water and a private septic system. Electric service at both properties is separately metered and paid directly by the tenants, along with trash and cable TV. The portfolio is managed by an experienced on-site manager who is willing to remain following a sale. With significant value-add potential, rental-rate upside, separately metered utilities, and an experienced manager in place, McKenzie MHC Portfolio presents an opportunity for investors seeking to enhance operations and create long-term value. Please do not visit the property without prior approval. All property tours must be arranged through Marcus & Millichap listing agen

Market Context

This multifamily in Mckenzie, TN is listed for sale. It is offered at an approximate 9.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Mckenzie, TN — view the full market.

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