Contact Information

Mobile Home Park Details

  • Price: $6,000,000
  • Purchase Method: Cash
  • Property ID: 1051401
  • Posted on Apr 10, 2019

Property Description

Capstone Manufactured Housing is pleased to present Spring Lake Mobile Home Park, a 225-site community located in Warner Robins, GA. This community is located along the I-75 corridor about 30 minutes south of Macon and 1.5 hours south of Atlanta. The property showcases two streams of rental income—Lot Rent and POH Rent. This community is currently 77% occupied with below market rents, which allows new ownership significant upside through leasing the remaining vacant sites. Immediate upside exists through utility expense recapture; thus, reducing the overall expenses by 14%. This community is centrally located in one of Georgia’s strongest manufactured housing submarkets & allows significant upside from day one. **Click link to download offering materials: http://capstoneapts.listinglab.com/SpringLakeMHP/index.cfm?doLDPage=1

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Park Information

Community Type: All Age
Number of MH Lots: 225
Total Occupancy: 77.0 %
Year Built: 1985
Average MH Lot Rent: $225
Size: 64.6 acre(s)

Park-Owned Homes

Number of Park-owned Homes: 20

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