Allen Memorial MHP Entrance 2004
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.0%
- Listing ID: 468358
- Posted On: Sep 16, 2014
- Updated On: Dec 4, 2014
Description
Located adjacent a fire station on one of Milledgeville’s main roads, just .6 mile from US 441, the Allen Memorial is arguably the best maintained MHP in Milledgeville.
Location
105 Ivey Drive
Milledgeville, GA
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 79.0 % |
| Average MH Lot Rent: | $225 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $130,000 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $100,000 |
| Expense Ratio: | 23.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |