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Mobile Home Park Details

  • Price: $1,600,000
  • Property ID: 1253378
  • Posted On: May 8, 2020
  • Updated On: May 11, 2020

Property Description

Located in Calhoun County, Shady Brook Mobile Home Park is well-located between Atlanta, GA (94 miles) and Birmingham, AL (70 miles), just minutes north of I-20. This community features 74 pads on a total of 17 acres. Built in the 1990's, this well-maintained park has 46 tenant-owned homes (TOH), 12 tenants are rent-to-own (RTO), and 3 park-owned home POH rentals.

The park utilizes city water and septic system, and water charges are currently paid by the park, as is the trash. Roads are paved and privately maintained, and in very good condition. Current occupancy is 82%, with ownership expecting near-full occupancy towards the end of the 2nd Quarter 2020. The park is not in a flood zone.

Shady Brook is a nearly turn-key opportunity, offering investors a stable cash flow, with many of the tenants on their way to homeownership through the RTO. Current lot rents are $200/per month. Nearly all home maintenance and upkeep for the homes in the RTO are the responsibility of the tenant. The POH inventory is in above average condition, with each home having central heat and air. A full breakdown of inventory and RTO information is available upon request.

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Park Information

Community Type: All Age
Number of MH Lots: 74
Total Occupancy: 82.0 %
Average MH Lot Rent: $200
Size: 17 acre(s)

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