Mobile Home Park Details

  • Price:
  • Cap Rate: 11.2%
  • Property ID: 1010400
  • Posted on Nov 24, 2018

Property Description

$450,000.... 11.2% CAP
Two (2) Homes and 13 Mobile Homes for sale in Tunnel Hill, Georgia which is a town in northwest Whitfield County. It is part of the Dalton Metropolitan Statistical Area. This property is in a great location next door to the Tunnel Hill Elementary School.

The larger home is a 4 bedroom , 2 bath home currently leased for $750 per month. It has been completely remodeled with new flooring throughout. Next to the large home is a smaller Home, which is referred to as a Stuidio Home. It is leased to a long term tenant for $125 per week. There is a storage building on site and 13 additional Mobile Homes of various sizes that are all currently leased. Most of the mobile homes have been renovated inside to have new flooring.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Year Built: 0
Average MH Lot Rent: $482

Financial Information (Pro Forma)

Gross Income $86,880
Operating Expense $27,595
Net Operating Income $50,597
Expense Ratio 31.8 %
Debt Info

Lot Information

Singlewide Lots: 13
Park Model Lots: 13

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $482

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