Mobile Home Park Details
- Cap Rate: 11.2% (Pro Forma)
- Listing ID: 1010400
- Posted On: Nov 24, 2018
- Updated On: Jun 8, 2019
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.
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 % |
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 |