Contact Information

Jeffrey Goldberg

Murphy Creek Investments

Mobile Home Park Details

  • Price: $400,000
  • Purchase Method: Cash
  • Property ID: 1364392
  • Posted On: Dec 7, 2020
  • Updated On: Dec 7, 2020

Property Description

Rockledge Mobile Home Community is a 25 lot community in the city of Summerville, Georgia. It has 2 stick built homes and 7 late model mobile homes! The utilities are city water and city sewer with city refuse collection as well! The lot rent is $405 per month which makes this work in progress a literal goldmine of opportunity!

Location

Rockledge is centrally located between Chattanooga, Tennessee and Atlanta, Georgia.

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Park Information

Number of MH Lots: 25
Total Occupancy: 5.0 %
Average MH Lot Rent: $405

Financial Information (Pro Forma)

Gross Income $126,000
Operating Expense $5,500
Net Operating Income $114,000
Expense Ratio 4.4 %
Debt Info

Lot Information

Singlewide Lots: 25

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $405

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