Listing Broker: Eric Wanck
Contact Eric Wanck: +1-678-932-0200

HOUSTON COUNTY, GA - The MHP Broker is proud to present Peachtree Park Mobile Home Community in Warner Robins, GA. This 31-pad park is located in one of the fastest growing counties of GA, with 25% faster growth than Atlanta since 2010. The area offers a safe and stable employment for families due to its diverse industries such as; Robins Air Force Base, highly rated hospitals, multiple defense contractors like Raytheon and Boeing, and Amazon's new warehouse.

Peachtree Park MHC is perfect for the investor looking for a stable park in a growth area. The park is currently 100% occupied, and upside exists in raising lot and home rents up to $370 and $880+, respectively. Market rents are close to $400, and a couple of homes within the community are leased at $950 and $1,050, indicating the market can bear the increase. Park operates on city water (master metered) and septic. The operating expenses are very low, given that tenants pay their own electric, and taxes and insurance are quite low. Further opportunities exist in cutting costs by submetering the water.

The community resides on 6.07 acres, with paved roads, and is not in a flood zone. All home titles are in hand and can be transferred at closing. No pending lawsuits or code violations here, as the current owners have cleaned this park up substantially in the last 10 months. Repairs were made to the road, replacement on a septic tank, rehabbed 12 homes, demoed two, and pressure washed all the homes. The community is currently self-managed, but the Seller does have a tenant management option if the buyer chooses. Park is currently zoned as legal non-conforming, and the county will not allow expansion beyond the current setup.

With an increase in rents and submetering the water, the park would be on pace to gross more than $225,000 a year. Low operating expenses of around 27% and capping NOI at 8% will yield over a $2,000,000 value. This community is priced to sell at $1,550,000 and will include all home inventory and RTO note balance. Seller financing is not being offered, but debt options exist. Please contact the broker for more details.