Contact Information

Mobile Home Park Details

  • Price: $424,000
  • Purchase Method: New Loan
  • Cap Rate: 10.0%
  • Property ID: 1193061
  • Posted On: Feb 20, 2020
  • Updated On: Feb 22, 2020

Property Description

Whitfield County, GA – Originally built as a retirement property by Ms. Carrie Leigh Montgomery, Montgomery Mobile Home Park is a unique and cozy 15-unit park featuring 13 mobile homes and 2 site-built homes. It is located at 116 Academy Drive in Tunnel Hill, GA. One of the homes is a 4 bedroom house situated in the center of the park. The rest of the homes are a mixture of 3, 2, and 1 bedroom units. Because of its unique layout and mixture of homes, the park is well suited as either a third party-managed or owner-operated property.

Location

Located in Tunnell Hill GA directly behind Tunnell Hill Elementary School

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Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 100.0 %
Average MH Lot Rent: $500
Size: 3 acre(s)

Financial Information

Gross Income $67,000
Operating Expense $25,000
Net Operating Income $42,000
Expense Ratio 37.3 %
Debt Info UNK

Lot Information

Singlewide Lots: 13
Doublewide Lots: 0
Triplewide Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $500

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