Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $699,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.8%
  • Property ID: 1194434
  • Posted On: Feb 24, 2020
  • Updated On: May 14, 2020

Property Description

GreenTree and Lawson MHP-Two park portfolio. 57 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 a mile a part in and just minutes to 75 South. 2.9 miles to Walmart. City water and city sewer. Gross collections around $139,080.

One house, 27 POH, 3 TOH, 21 VL, 6 demo's. (demo's will either be removed or filled)

725 ELM ST and 25 TIFTON ELDORADO RD Tifton Ga and Lawson Court Mobile Home Park located at 101 thru 118 LAWSON COURT Tifton Ga

Lawson MHP has individual lots and the streets are city streets.

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.

Using our bullet proof marketing strategy, your homes will fill quick.

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

Seller Financing with $375k dwn. 36 month balloon at 6%, amortized over 30 yr.

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

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: 57
Total Occupancy: 82.0 %
Average MH Lot Rent: $175

Financial Information (Pro Forma)

Gross Income $139,080
Net Operating Income $83,448
Debt Info none

Lot Information

Singlewide Lots: 57

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 27
Average Rent for Park-owned Homes: $500

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