Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $425,000
  • Purchase Method: Cash
  • Cap Rate: 13.0%
  • Property ID: 1194434
  • Posted On: Feb 24, 2020
  • Updated On: Jul 24, 2020

Property Description

GreenTree MHP-40 lots, located in the heart of Tifton Ga. Population within a 25 mile radius is 160,000. All homes that are livable are full. No problem keeping good tenants. All utilities are direct bill. Just minutes to 75 South. 2.9 miles to Walmart. City water and city sewer. Gross collections around $56,200.

One house, 15 POH, 3 TOH, 20 VL, 2 demo's. (demo's will either be removed or filled)

725 ELM ST and 25 TIFTON ELDORADO RD Tifton Ga Tifton Ga

A value added opportunity by adding 20 NEW homes, creating an income only valuation of nearly $1.5M .

Let me show you how to bring in 20 new homes, ready to be filled with as little as $5,000 out of pocket per home, includes, all utilities connected, block level and tied down, under pinning, with steps.

Lot rents are $150-$200. They should be $350-$395

More more info: https://www.dropbox.com/sh/wxjc7afcftw8evn/AACth9r9MU37PT9t7YaO6Icza?dl=0

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.

Location

If knowledge and expertise are the hot commodities for business and industry, Tifton, Georgia is the power grid. From an amazing concentration of world-renowned research facilities and leading scientists, a skilled workforce and a prime southeastern United States location, companies can plug directly into critical resources they need to thrive.

Life outside of work is pretty great in Tifton. From a regional medical center with over 100 physicians, low crime rate and a low cost of living to quality public and private schools, a growing arts community and abundant outdoor recreation, it's no surprise that Tifton was named one of the "100 Best Small Communities in America". Come to Tifton, and relocate to south Georgia.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 82.0 %
Average MH Lot Rent: $175

Financial Information (Pro Forma)

Gross Income $74,760
Operating Expense $11,804
Net Operating Income $62,956
Expense Ratio 15.8 %
Debt Info none

Lot Information

Singlewide Lots: 40

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $500

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