Contact Information

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.

Mobile Home Park Details

  • Price: $450,000
  • Cap Rate: 11.2%
  • Property ID: 1010400
  • Posted on Nov 24, 2018
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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

Map

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