Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.0% (Actual)
- Listing ID: 111329
- Posted On: Dec 11, 2011
- Updated On: Dec 16, 2012
Description
A 63 pad MHP with room to grow. Eight are pad rents @ $185 per month, last increase was in 2001. Fifty-five are owner rentals, 16 double wides and 39 single wides, most are 3bed/2bath and are 1995-2000. Some are smaller 2/1 in the late 1980's. The park has a 2 acre pond, homes are all skirted, the roads are paved, and the manager lives on premiss 24/7 with a home/office together so the park stays quiet, and is a quality place to live for families. Many of the homes have been remodeled with wood floors in the living areas, new carpet in the bedrooms. With serious interest, more pictures can be sent out on specific homes of interest. The sale is confidential so please do NOT talk to the manager, contact directly Jeff Orr @ 404-790-8866. Some owner finance may be possible.
Location
Located 3 miles south of Downtown Milledgeville, in the Lake Sinclair area in Baldwin County, the Park is in the city limits.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 63 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1997 |
| Average MH Lot Rent: | $185 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $280 |
| Operating Expense: | $65 |
| Net Operating Income: | $214 |
| Expense Ratio: | 23.2 % |
Lot Information
| Singlewide Lots: | 43 |
| Doublewide Lots: | 20 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 55 |
| Average Rent for Park-owned Homes: | $450 |