Contact Information

Mobile Home Park Details

  • Price: $1,600,000
  • Purchase Method: Cash, New Loan, Assumable Loan
  • Property ID: 1321730
  • Posted On: Sep 10, 2020
  • Updated On: Sep 10, 2020

Property Description

New Beginnings Mobile Home Community in Montezuma, GA is a community that has completely reinvented itself. The park is made up of 32 lots with 10 tenant owned homes, 20 lease option homes, and 2 vacant lots. All 20 lease option homes are 2019 models. The existing debt on these 20 homes is assumable. This is a stabilized park with 100% occupancy and 100% collections. There is very little turnover in New Beginnings. This is an investors dream:
• City water and city sewer are direct billed to the residents by the city.
• Streets and streetlights all owned and maintained by the city at no cost to the park.
• The only recurring park expenses are insurance, taxes, and lawn care (currently at $600 per cut).

There are opportunities for additional revenue through rent increases and utilizing vacant areas for additional lots. Even though New Beginnings is located in the middle of beautiful Montezuma, GA it seems as if it is located in the country with its quiet atmosphere, mature trees, and friendly tenants.
Please contact John at John.Chason@thefirmmhp.com 850-445-4319

Location

Situated on the banks of the Flint River, Montezuma, GA offers a variety of dining options, a specialty grocery store, and architecture dating back to the middle 1800s. The economy of Montezuma employs approximately 1.19K people in manufacturing, public administration, and health care and social assistance. The median household income is $32,005.

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Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 100.0 %
Average MH Lot Rent: $395

Utility Information

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

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