Contact Information

Mobile Home Park Details

  • Price: $175,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 18.0%
  • Property ID: 1372488
  • Posted On: Dec 27, 2020
  • Updated On: Dec 27, 2020

Property Description

8 acre mobile home park. Currently there are 7 occupied, single wide units. All units are rent to own, on 10 year notes (oldest contract is 2.5 years, with newest 6 months). Monthly income is $3k ($275 lot rent plus trailer payment). City water and septic. There are currently two unoccupied lots with power and septic in place. Total of 8 acres, so plenty room for expansion in an easy to do business Webster County. Call listing agent.

Location

Park is located in city limits of Preston, GA. From Dollar General located on Hwy 41, travel north of Cemetery Rd 3/10th of a mile. Moore's drive is located on the left, make this turn and follow dirt road back to the park.

Parcel # P01 063

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 78.0 %
Average MH Lot Rent: $425
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $36,000
Operating Expense $4,000
Net Operating Income $32,000
Expense Ratio 11.1 %
Debt Info none

Lot Information

Singlewide Lots: 9

RV Information

Average RV Lot Rent: $275

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $150

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