Mobile Home Park Details

  • Listing ID: 12735
  • Posted On: Jun 2, 2010
  • Updated On: Aug 27, 2012

Description

***Property sold as a portfolio OR as 3 individual parks for sale***

Property Description: This is a unique opportunity to own a portfolio of 3 mobile home parks in proximity to each other in East Dublin , GA. The portfolio consists of 77 existing park-owned units, 6 existing lot rentals, and 16 approved/undeveloped lots.

Sizable capital expenditures were made to repair/upgrade park-owned units, re-pave roads, and landscape the parks. The parks also have been re-tenanted by current ownership in order to create 3 quality family oriented communities. Please note that all of the park-owned units are 100% owned by the park and not subject to any rent-to-own schemes. The properties provide strong cash flow, minimal new capital expenditure and upside for higher returns.

Each of the parks are highly regarded by the City and residents of East Dublin. It is worth noting that the Edgewater Mobile Home Park, the largest of the 3 parks, boasts views of the Oconee River and is adjacent to Buckeye Park, a recreational park. The parks are all clean, safe, & well managed centrally. Once the attached confidentiality agreement is completed and faxed to Attn: Pete Mistry 813-936-5700, an e-mail will be sent with detailed property information to interested parties.

Location

All parks are located on Buckeye Road in East Dublin, GA. The Parks are close to each other and downtown East Dublin.

The proximity of the parks to each other allows for managerial efficiencies & economies of scale. The City of East Dublin, has a stable economy that is experiencing growth from distribution centers and a large Veteran' s hospital nearby. It is worth noting that the City of East Dublin is adverse to the development of new mobile home parks in the area. Commission to Broker: 4.00%

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Park Information

Number of MH Lots: 35

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