Contact Information

Mobile Home Park Details

  • Price: $3,500,000
  • Cap Rate: 4.7%
  • Property ID: 1445499
  • Posted On: May 25, 2021
  • Updated On: Jun 21, 2021

Property Description

https://estersonmhcteam.​com/property/winterfield-mhp

Winterfield MHP is located in an Opportunity Zone booming city of Columbus GA just south of Atlanta.​ With quick access to the beautiful downtown and The Chattahoochee Riverwalk, the park provides a clean, safe and affordable option for local residents.​ The community is located within 2 miles of Walmart and is only minutes away from numerous national and local employers.​

Winterfield MHP is 82% occupied and comprised of 77 total lots, and has an expansion area that can fit an additional 25 lots (+/-) after receiving municipal approvals.​ The park has 34 TOH’s and 38 POH including 9 vacant homes.​ The community has public electric, water, sewer & trash all of which is directly billed to the tenant.​

We are asking that investors submit offers at or above $3,500,000, which represents a 4.74% cap rate on current lot rental income with a proforma caprate of 11.63%.​ The park has paved roads and is located in an opportunity zone.​

Winterfield MHP should qualify for a conventional, recourse bank financing at a 5% interest rate, 75% LTV, and 25-year amortization with a year or two of interest only

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

Park Information

Number of MH Lots: 77
Total Occupancy: 81.8 %
Size: 29 acre(s)

Financial Information (Actual)

Net Operating Income $126,849
Debt Info

Utility Information

Water: City
Sewer: City

Download Documents

Other Listings by Glenn Esterson See More

Similar Mobile Home Parks for Sale