Contact Information

Paul P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $1,600,000
  • Purchase Method: New Loan
  • Cap Rate: 10.0%
  • Property ID: 1234179
  • Posted On: Mar 24, 2020
  • Updated On: Mar 24, 2020

Property Description

Another great opportunity brought to you by Parks Unlimited. A 86 lot community, approx 60 acres, located in Adel Ga. Just minutes from Interstate 75 in south Georgia.

This area is hot!
$1.6M

Do not miss out on this opportunity!
86 lots located just minutes to I-75S.
22 minutes from Tifton Ga.

86 lots 57 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/udc79huwymhlz7p/AADmY9NM2-dmCdAk2rAXWHz2a?dl=0

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

Park Information

Community Type: All Age
Number of MH Lots: 86
Total Occupancy: 88.0 %
Year Built: 1980
Average MH Lot Rent: $170
Size: 60 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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