Hawaiian Village MHP - for Sale in Macon, Georgia
4998 Hawaiian Village Drive
Macon, GA 31206
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Mobile Home Park for Sale |
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| Cap Rate: | 5.4% |
| Purchase Method: | Seller Financing |
| Status: | Active |
| Property ID: | 113109 |
| Posted on: | Jan 10, 2012 |
| Updated on: | May 15, 2012 |
| Price: | $450,000 |
Property Description
Marcus & Millichap is pleased to present the sale of Hawaiian Village Mobile Home Community. This excellent value-added opportunity has 44 mobile home pads and operates on city water and sewer. The streets are semi paved, and the park has 2 trash dumpsters that allow the tenants to dispose garbage themselves. This parcel of property is 25.2 acres and is only partially developed. With the availability of extra land to potentially build more pads for the community, this park is an excellent opportunity for an astute investor to purchase and take advantage of the future potential income from developing extra pads and increasing the overall net operating income.
Excellent location and visible from the Macon's main artery freeway 475. The park sits right next to 2 other mobile home parks and could potentially be assembled with one of them that is currently for sale as well.
Park Information
| Total Occupancy: | 44.0% |
| Year Built: | 1977 |
Financial Information
| Gross Income | $85,932 |
| Operating Expense | $61,653 |
| Net Operating Income | $24,279 |
| Expense Ratio | 71.7% |
| Debt Info |
Utility Information
| Water: | City |
| Sewer: | City |
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