Columbus MHP - for Sale in Columbus, Georgia

Ft. Benning Hwy
Columbus, GA 31805

Broker Information

Barry Henson
EQUITABLE MANAGEMENT CORP.
WWW.EMCATLANTA.COM

Mobile Home Park for Sale

Number of MH Lots: 96
Size: 18 acre(s)
Cap Rate: 17.0%
Purchase Method: Cash
Status: Active
Property ID: 101477
Posted on: Jul 08, 2011
Updated on: Aug 04, 2011
Price: $375,000

Property Description

18 acre formery had 96 pads but now only using about 40, and mostly low end rental units. Park is grossing about 72k/yr. and netting around $60k. Park has sep/metered water and all other utils..park is on septic tanks....owner is asking $375,000k cash....THIS PARK HAS HUGE UPSIDE as another 45 pads can be hooked up to the park....price is firm! as this is a real deal at this time....17 cap, folks!! call me, barry

Park Information

Number of MH Lots:96
Year Built:1970
Size:18.0 acre(s)

Financial Information (Actual)

Gross Income$73
Net Operating Income$60
Debt Info

Lot Information

Singlewide Lots:96

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:43
Average Rent for Park-owned Homes: $375

Amenities and Other

Pool: Yes