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Address is 229 W Hwy 136 Lafayette, GA 30728

George Logan

Landmark Realty of Georgia

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Mobile Home Community for Sale in Lafayette, Georgia

229 W Hwy 136
Lafayette, GA 30728

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Mobile Home Park for Sale

Number of MH Lots: 49
Size: 20 acre(s)
Cap Rate: 13.8%
Purchase Method: Seller Financing
Status: Sold
Property ID: 372619
Posted on: May 21, 2013
Updated on: Aug 06, 2013

Property Description

Park on city water/sewer/trash. Only 21 tenants, 11 owner-occupied, 10 lease-purchased. No on-site mgr., and owner lives too far away to effectively collect his rents or to screen new tenants.

10% ($40,000) DOWN! 5%, 30 yr. amort Where can you buy a viable park for this down?.

Park Information

Number of MH Lots:49
Total Occupancy:43.0%
Year Built:198
Average MH Lot Rent: $185
Size:20.0 acre(s)

Financial Information

Gross Income$60
Operating Expense$5
Net Operating Income$55
Expense Ratio 8.3%
Debt InfoNone

Lot Information

Singlewide Lots:20
Doublewide Lots:39
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:10
Average Rent for Park-owned Homes: $273