Courtesy: MRG Realty Partners
651-900-4386
Rare mixed-use investment portfolio featuring two income-producing assets in Union County, TN, located approximately 10 minutes apart. This diversified investment includes campground/RV income, multifamily, self-storage, residential rentals, and ancillary revenue with immediate upside and future expansion potential. Portfolio now offered at $3,800,000. The seller has agreed to complete the current expansion as part of the sale, including 14 new campground pads at Sharps Chapel and 7 new camper/RV pads at the Maynardville property. Upon completion, projected annual NOI increases by $138,600 to approximately $491,424, representing a 12.93% projected cap rate at the asking price. Sharps Chapel Campground (107 Lay Hollow Rd) features 43 long-term campground sites, 52 self-storage units, an on-site laundromat, and a 1,624 SF (3BR/1BA) home. The campground is approximately 90% occupied with stable long-term tenants. The included 14-pad expansion is currently under construction, and the seller will remain involved after closing to complete the project. The property also offers future potential to add 25 additional RV parking spaces. 6367 Maynardville Highway includes a 5-unit apartment building, two single-family homes, two mobile homes, and five self-storage units. As part of the sale, the seller will complete 7 new camper/RV pads, creating additional income while preserving future development opportunities. Investment highlights include diversified income streams, established long-term occupancy, seller-funded expansion included in the purchase, projected NOI of $491,424, and a 12.93% projected cap rate. Located near Norris Lake in the growing East Tennessee market, this portfolio offers stabilized cash flow, immediate value-add through the included expansion, and long-term upside through future RV development.
Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
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Sharps Chapel is located in Tennessee. Sharps Chapel, Tennessee has a population of 1,705. Sharps Chapel is more family-centric than the surrounding county with 33.98% of the households containing married families with children. The county average for households married with children is 29.21%.
The median household income in Sharps Chapel, Tennessee is $66,941. The median household income for the surrounding county is $50,868 compared to the national median of $69,021. The median age of people living in Sharps Chapel is 47 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 51.6 inches per year, with 6.5 inches of snow per year.
