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Mobile Home Park Details

  • Price: $1,300,000
  • Cap Rate: 14.0%
  • Property ID: 1320863
  • Posted On: Sep 8, 2020
  • Updated On: Sep 15, 2020

Property Description

Hinesville, GA (Liberty County GA) -
This turn-key Mobile Home Park (MHP) and self-storage facilty are in a robust rental market, located near Fort Stewart, GA, and about 45 miles from historic Savannah, GA. The park has 35 lots with 35 park-owned homes (POH) that maintain high occupancy year-round. All homes are single-wide models from the 1980's and 1990's, and in average overall condition. In the last three years, the seller has updated all but five homes. This offering also includes for sale a 63 unit self-storage facility located adjacent to the park, and these units are 84% occupied, with upside in filling vacancy and raising rents.

This MHP operates off of well water and 1/1 septic, both in excellent working order, and a local Hinesville company can do monthly water testing for approximately $300 per month. If buyer desires, city water and sewer hookups are available at the street. Roads within the park are gravel and in average condition, and all tenants have direct access to driveways off a paved public road. This park utilizes dumpster trash at the park's expense. An on-site manager with 20+ years of experience oversees the daily operations for both the park and self-storage, and this individual would be willing to stay on if the buyer desires. The manager receives free rent and $100/week for their services, and her son handles the landscaping/lawn care for free. Another tenant takes care of the electrical work for a discounted rent of $250/month.

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Park Information

Average MH Lot Rent: $250

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