Vineyard Way MHP - for Sale in Griffin, Georgia

2255 Old Atlanta Rd
Griffin, GA 30223
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Sale Price: $385,000
Photo of Mobile Home Park
Photo of Mobile Home Park

Broker Information

Maxwell Baker
Marcus & Millichap
www.marcusmillichap.com

Mobile Home Park for Sale

Size: 2.5 acre(s)
Purchase Method: Seller Financing
Status: Active
Property ID: 113111
Posted on: Jan 10, 2012
Updated on: May 15, 2012
Price: $385,000

Property Description

OWNER FINANCING AVAILABLE! MAKE US AN OFFER!!!!

The mobile home community is off highway 19/41 and is less than a mile from Hampton inn and Comfort inn hotels. Currently it is at 25 percent occupancy, however the new owner will have the opportunity to bring the park up to area occupancy levels (86 percent) by aggressibly marketing the property locally. The rent has not been increased in several years and is in need of an adjustment to maximize the park's income potential.

Along with the singlewide mobile homes and pads, the park has an apartment building with eight one-bedroom units. The community is on public water utilities and septic tanks. Also, it is less than a quarter mile from the public sewage system and has the potential to convert to have public sewer. Residents are billed directly for electricity and cable. Water, sewer and trash are all included in the rents.

Location Description

Vineyard Way is a 30-minute ride to downtown Atlanta, Georgia and sits in one of Atlanta's suburb cities named Griffin. This park is close to Griffin's major retail shopping district and is conveniently located to all major retail and historic downtown Griffin areas. This is an excellent property for someone wanting to break into the mobile home community business and has the potential to bring high returns for a new owner.

Park Information

Total Occupancy:24.0%
Size:2.5 acre(s)

Utility Information

Water:City
Sewer:Septic