Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1364392
- Posted On: Dec 7, 2020
- Updated On: Apr 13, 2021
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 % |
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 |