Fairlane Oaks MHP - for Sale in Rossville, Georgia
601 James Street
Rossville, GA 30741
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This Mobile Home Park is Sold
View more Mobile Home Parks for Sale in Rossville, GA.
Mobile Home Park for Sale(Distressed)This property is in default, REO or in foreclosure. |
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| Number of MH Lots: | 154 |
| Size: | 27.9 acre(s) |
| Status: | Sold |
| Property ID: | 102764 |
| Posted on: | Aug 25, 2011 |
| Updated on: | Nov 07, 2011 |
Property Description
Fairlane Oaks has many positive characteristics including location, municipal water and sewer, large lots, a great school district and a surrounded wooded area. The property has 154 total lots on 28 acres and was built in 1994. The park’s infrastructure is in good condition and therefore no upgrades are needed. The water service is on a master county meter (Walker County) with individual lot meters read and billed by the park. The property will offer affordable housing provided the current rental rates were slightly reduced during the infill process, as the park is currently above the average rate of $233 for this area. Repositioning itself among the other housing options in the local area will provide the staying power to make the park a success.
NOTE: Park Owned Units are NOT included in this sale! (The purchase of the homes could be negotiated with the 3rd party owner after the Bank has accepted an offer or LOI)
Park Information
| Number of MH Lots: | 154 |
| Total Occupancy: | 84.0% |
| Year Built: | 1994 |
| Average MH Lot Rent: | $250 |
| Size: | 27.9 acre(s) |
Financial Information
| Net Operating Income | $150,157 |
| Debt Info |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 49 |
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