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Pine Terrace Highway 84 East And Pierce Chapel Rd, Cairo, GA 39828

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Mobile Home Park Details

  • Purchase Method: New Loan
  • Listing ID: 101506
  • Posted On: Jul 11, 2011
  • Updated On: Oct 16, 2011

Description

53.63 acres, 49 park owned homes, 21 lot rentals, expansion capacity, Georgia approved water system with 46 additional customers in subdivision across the highway. Large barn. Very low vacancy rate, quiet and attractive area. frontage on Us Highway 84 East.

Location

Located 3 miles east of Cairo, Ga and 8 miles west of Thomasville, Ga. on Highway 84 east. Just 30 minutes north of Tallahassee, Fl.

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Park Information

Community Type: All Age
Number of MH Lots: 71
Total Occupancy: 98.0 %
Average MH Lot Rent: $175
Size: 54 acre(s)

Financial Information (Actual)

Gross Income: $285
Operating Expense: $85
Net Operating Income: $200
Expense Ratio: 29.8 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 49
Average Rent for Park-owned Homes: $485

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