Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $1,050,000
  • Purchase Method: New Loan
  • Cap Rate: 10.0%
  • Property ID: 1234179
  • Posted On: Mar 24, 2020
  • Updated On: Jul 24, 2020

Property Description

Another great opportunity brought to you by Parks Unlimited. A 80 lot community, approx 40 acres, located in Adel Ga. Just minutes from Interstate 75 in south Georgia.
This area is hot!
Do not miss out on this opportunity!
80 lots located just minutes to I-75S.
22 minutes from Tifton Ga.

80 lots 51 POH, 4 TOH, 8 rehab homes, 17 Vacant lots.

Gross collections around $271,140

One septic tank per lot, sandy soil, great for septic lines.
Three deep wells.
Built in the 80s
9 cap value is $1.8M
Estimated 40% expenses
Water and septic at every lot.
County roads
Rent ranges from $400 to $600 per month
All utilities are direct billed
17 vacant lots ready for homes
For more info, click here. https://www.dropbox.com/sh/z5u3vpxg6fbgtip/AAAukglKE_GKaNX-Q77b08aDa?dl=0dmCdAk2rAXWHz2a?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.

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Park Information

Community Type: All Age
Number of MH Lots: 80
Total Occupancy: 88.0 %
Year Built: 1980
Average MH Lot Rent: $170
Size: 40 acre(s)

Financial Information (Pro Forma)

Gross Income $271,140
Operating Expense $108,456
Net Operating Income $162,684
Expense Ratio 40.0 %
Debt Info

Lot Information

Singlewide Lots: 86

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 66
Average Rent for Park-owned Homes: $450

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