1675 Madison St, Shelbyville, TN 37160

Property Description

FOR SALE | 18-Unit Mobile Home Park + Single-Family Residence | 100% Occupied Asking Price: $1,499,999 1675 Madison Street, Shelbyville, TN 37160 Excellent opportunity to acquire an established, income-producing manufactured housing community located along Madison Street in Shelbyville, Tennessee. Situated on approximately 2.16 acres, the property consists of 17 park-owned mobile homes and one single-family residence, providing a total of 18 residential rental units. The community is 100% occupied and benefits from public water and sewer, direct Madison Street frontage, and convenient access to local shopping, restaurants, employers, and medical services. With an established rental operation and potential for market-supported rent increases, this investment offers an attractive opportunity for investors seeking immediate rental income and long-term appreciation potential. 2026 income and NOI are budgeted and recasted. Total Square Footage is an estimate. ADDITIONAL INVESTMENT OPPORTUNITY: A second mobile home park located at 1501 E Depot Street in Shelbyville is also available for purchase separately. Contact Tom at 615-790-5099 for additional information, financial documentation, and to schedule a property tour. This property is co-listed with Greg Sanford with Greg Sanford Real Estate. 615-300-0753.