Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 8.8%
  • Listing ID: 486991
  • Posted On: Dec 2, 2014
  • Updated On: Mar 2, 2015

Description

HUGE UPSIDE! Avalon Mobile Home Community is a 122 space community with privately sub-metered county water and sewer and underground utilities. The sale includes 2621 Jeffersonville Road, which is the 33 acre mobile home park, and 2615 Jeffersonville Road, which is a 3 acre parcel with a 3 bedroom brick house and attached office.

There are 18 lot renters and 48 park owned homes, 33 of which have existing rent-to-own tenants and are mostly late model vinyl/shingle homes. Of the remaining 15 homes, 7 are in the process of being renovated and should be leased in the next 90 days, while the remaining 8 are considerably older and can either be sold as handyman specials for lot rent or simply removed. 55 vacant pads with parking and utility hook ups are ready for homes to increase value.

Avalon Mobile Home Community is near Downtown Macon, including such large employers as the Coliseum Medical Center, Geico, YKK, Walmart, and Ocmulgee Industrial Park.

PLEASE CONTACT SELLER DIRECTLY FOR COMPLETE DD DOCUMENTS. PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT.
www.avalonmacon.com

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 122
Total Occupancy: 42.0 %
Year Built: 1995
Average MH Lot Rent: $285
Size: 36 acre(s)

Financial Information (Actual)

Gross Income: $251,695
Operating Expense: $108,656
Net Operating Income: $143,039
Expense Ratio: 43.2 %

Lot Information

Doublewide Lots: 122

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 48
Average Rent for Park-owned Homes: $523

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