Mobile Home Park Details

  • Cap Rate: 13.0%
  • Listing ID: 12753
  • Posted On: Jun 2, 2010
  • Updated On: Feb 23, 2016

Description

BRING AN OFFER - OWNER READY TO RETIRE. Beautiful Setting - Over 25 acres, 23 owned rentals, 2 RV lots on pond, PLUS Owners home and guest house. Multiple storage buildings. Rentals include 21 mobile homes, and 2 houses. Located in/near Sparks, GA approximately 40 miles north of the Florida/Georgia line near interstate 75. Enjoy warm winters and live with your investment or rent the owners home for additional income. There are 3 ponds on the property stocked with fish. One large pond and one smaller pond are near the owners home. Property also borders a creek. 6 of the 23 units are located approx ½ mile south of the main property, the other 17 are located near the owners home, most in a park, some on their own lot at the end of a dead end street.

The owners home and 17 properties land all join. Others located short distance. Rentals consist of : 1 triple wide, 6 double wides, 14 single wides, 2 houses. 2 RV lots are located at the end of the largest pond. The very attractive owners home is partially bordered by woods and creek and is 3 bedroom, 2.5 bathroom, porches, carports, workshop and covered RV parking. Guest house located just behind owners home is 2 bedroom, 1 bathroom with front and back porches. The property has 7 wells, and 6 units are on city water. Guest house would make an ideal in-law setting.

Maintenance man lives on site and is available 7/24. Advertising in this area is (currently) free. Monthly expenses only a small portion of the monthly income. Rents average just over $10,000 per month.
Photos and information are available per request, email cathysphotos009@gmail.com Take a look, you won’t be disappointed. Great investment and a beautiful property. Bring your fishing pole and golf cart ! Owner may hold note on portion of purchase price "Only" with good down payment.

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Park Information

Number of MH Lots: 23
Year Built: 1990

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