Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.6%
- Listing ID: 3315242
- Posted On: Jul 5, 2023
- Updated On: Sep 13, 2023
Description
Five POH 's with renovated interiors, stable tenants, and rents ranging from $615 to $995 per month. One double-wide and 4 singles. Park is on a well and septic with gravel roads. Property management in place. Owner holds an active real estate license and will consider owner financing for part of the purchase. Priced at a 9.6% Cap.
Location
Just outside of Royston, GA A dozen miles from I-85 and several Distribution centers.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $738 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $44,050 |
| Operating Expense: | $10,480 |
| Net Operating Income: | $33,570 |
| Expense Ratio: | 23.8 % |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $738 |
