Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Property ID: 1112882
  • Posted On: Jul 29, 2019
  • Updated On: Feb 25, 2021

Property Description

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WHOLESALE DEAL Located in the heart of Montezuma in central Ga. This park is located in an Opportunity Zone making it eligible for preferential tax treatment. 30 minutes off 75S just below Macon. 30 lots on city water and city sewer. About 9.2 acres with 3 acres available for new development in the back. Everything is billed to the tenant from the city. Presently there are 14 tenants with 8 TOH and 6 POH. Lot rents are far below national average, $150. There is HUGE upside to this deal by bringing in new homes along with bumping up lot rents to national average over time. This area is in need of new homes for families making under $25,000. Let me show you exactly how to turn this property into a money maker.

Information contained in this document has been obtained from sources believed to be reliable and accurate, It has not been verified and makes no guarantee, warranty or representation regarding it. It is the potential buyers responsibility to independently confirm the accuracy and completeness of property information. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The information contained herein should be independently determined or confirmed and evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 100.0 %
Average MH Lot Rent: $150
Size: 9 acre(s)

Financial Information (Actual)

Gross Income $46,080
Operating Expense $11,804
Net Operating Income $34,276
Expense Ratio 25.6 %
Debt Info none

Lot Information

Singlewide Lots: 30

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $400

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