Contact Information

Jeffrey Goldberg

Murphy Creek Investments

Mobile Home Park Details

  • Price: $725,000
  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Property ID: 1364390
  • Posted On: Dec 7, 2020
  • Updated On: Dec 7, 2020

Property Description

Riverbend Mobile Home Community is an established tenant owned Mobile Home Community with 20 homes @ 100% occupancy. We are located within the bustling City of Dalton, Georgia. Riverbend is conveniently located along the I-75 corridor making this community highly accessible and only 1.5 hours from Atlanta, Georgia and only 30 minutes commute to Chattanooga, Tennessee! Current lot rents are below local market and primed for a 10% increase this year! Riverbend is a Golden Opportunity to add a turnkey Community to your Portfolio or a phenomenally stable first time mobile home community investment!

Location

Dalton, Georgia is conveniently located near I-75 and within commuting distance to several major metropolitan cities!

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 100.0 %
Year Built: 1992
Average MH Lot Rent: $280
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $67,200
Operating Expense $4,000
Net Operating Income $63,200
Expense Ratio 6.0 %
Debt Info

Lot Information

Singlewide Lots: 20

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $280

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