Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1051401
  • Posted On: Apr 10, 2019
  • Updated On: Nov 26, 2019

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: 65 acre(s)

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