Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.0%
- Listing ID: 1193061
- Posted On: Feb 20, 2020
- Updated On: Nov 26, 2020
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 |
