Contact Information

Mobile Home Park Details

  • Price: $1,350,000
  • Cap Rate: 10.3%
  • Property ID: 1373263
  • Posted On: Dec 30, 2020
  • Updated On: Mar 2, 2021

Property Description

Branching Pines Mobile Home & RV Community is conveniently located just one block from the back entrance to Fort Benning Military Base, which supports more than 120,000 military personnel, and is known as the “Best Army Installation in the World”. While other military bases have closed due to the BRAC program, Fort Benning continues to grow with the relocation of thousands of military personnel. Branching Pines offers quality mobile home and RV sites, a preferred affordable option for military personnel and sub-contractors.
This quiet, well-maintained park also supports the housing needs of the "Tri-Community", comprised of Columbus, Fort Benning, Georgia, and Phenix City, Alabama. The Florida gulf shores and picturesque Blue Ridge Mountains are only a few hours' drive.
The park consists of 82 pads, which can accommodate mobile homes, RV’s, or additional outside storage. Presently, there is a 66% occupancy rate with 18 park-owned homes (POH’s) and 36 lot renters. There are 26 vacant lots and 2 vacant POH’s.
This park has many features including city water (which is billed back to the mobile home tenants), septic system (2:1 ratio) that is in excellent working condition, asphalt roads, security lighting, and the park is not in a flood zone. Furthermore, a portion of the property may be considered for a Conservation Easement which could result in significant tax benefits for ownership.
We are offering the community at a 10.31% CAP on lot rent only. We are using an expense ratio of 37.52% on existing income. Lot rent is less than other parks in the region, offering new ownership an immediate opportunity to increase revenue. We are asking investors to submit offers at, or above, $1,350,000.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 82
Total Occupancy: 66.0 %
Average MH Lot Rent: $297
Size: 25 acre(s)

Financial Information

Gross Income $189,780
Operating Expense $69,215
Net Operating Income $120,565
Expense Ratio 36.5 %
Debt Info

RV Information

Average RV Lot Rent: $353

Utility Information

Water: City
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $311

Download Documents

Other Listings by Maxwell Baker See More

Similar Mobile Home Parks for Sale