Mobile Home Park Details
- Cap Rate: 6.4%
- Listing ID: 1567490
- Posted On: Dec 6, 2021
- Updated On: Oct 5, 2022
Description
True Turn Key Investment - 98 Developed lots - city water & sewer - direct bill and city trash pick up. Great infrastructure in solid market, low unemployment and strong demand. 60 homes on site, 57 residents, with only 6 POH's. Regency Village is tremendous cash flow generator with low overhead in a solid market. Pro-Forma cap
rate of 6.5%.
Perfect for the new investor or a seasoned operator looking to expand their portfolio.
Location
Across the recently expanded Highway 133 connecting Albany to Valdosta. Great visibility.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 98 |
| Total Occupancy: | 57.0 % |
| Average MH Lot Rent: | $330 |
| Size: | 14 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $288,517 |
| Operating Expense: | $94,891 |
| Net Operating Income: | $193,626 |
| Expense Ratio: | 32.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $550 |
