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Parkwood Mobile Home Park

Mobile Home Park for Sale in Columbus, Georgia

1110 Farr Road
Columbus, GA 31907

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Mobile Home Park for Sale

Number of MH Lots: 140
Size: 10 acre(s)
Cap Rate: 11.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 152894
Posted on: May 02, 2012
Updated on: Nov 07, 2012

Property Description

Single family & duplex configuration. Stays full! Management, and staff onsite. Current Owners have updated most of the homes over the past year or so. Great cash flow machine.

Location Description

Great neighborhood with close proximity to Fort Benning, and downtown Columbus, Georgia.

Park Information

Number of MH Lots:140
Total Occupancy:98.0%
Year Built:1985
Average MH Lot Rent: $430
Size:10.0 acre(s)

Financial Information (Pro Forma)

Gross Income$724,000
Operating Expense$368,906
Net Operating Income$356,000
Expense Ratio 51.0%
Debt Info

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:140