Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 7.0%
- Listing ID: 513432
- Posted On: Mar 16, 2015
- Updated On: May 28, 2019
Description
2 Communities 5 minutes apart in an Atlanta suburb called Winder, GA. Located between Lawrenceville and Athens, Winder, GA is only 30 minutes north east of Atlanta!!
Winder Village MHP has 110 lots with 87 homes.
Huge Upside with 70 Occupied homes and 17 to rehab and sell.
Russell Village MHP has 73 lots with 60 homes.
48 Occupied homes with approx. 12 homes to rehab and sell.
These parks have great current cash-flow with lots of upside potential in a great location.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 183 |
| Total Occupancy: | 66.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $400 |
| Size: | 51 acre(s) |
Financial Information (Actual)
| Gross Income: | $615,000 |
| Operating Expense: | $265,000 |
| Net Operating Income: | $350,000 |
| Expense Ratio: | 43.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $100 |