Contact Information

P
Parks Unlimited LLC

Mobile Home Park Details

  • Price: $1,100,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 0.8%
  • Property ID: 1451763
  • Posted On: Jun 3, 2021
  • Updated On: Mar 15, 2022

Property Description

FOR MORE INFO CLICK BELOW LINK:
https://www.dropbox.com/sh/vpp460uu96b3nks/AAAih0_cGvLSuZayEQP_KdRaa?dl=0

This park has tremendous upside. Located in Cairo Ga, just 1.25 hrs from the Gulf, one hour to Albany Ga and 44 min to Tallahassee Fl. This park sits in a triangle region of south Ga centrally located between, Albany Ga, Thomasville Ga and Tallahassee Fl.

This park can be coupled with a 18 lot park located in Cairo Ga
for an additional $850,000 .

The area is RED HOT!

Seller keeps great records

This park has so much potential it is unbelievable. This park comes with 5 newly built tiny homes . You can buy out the home loans or assume them.

An ad for a 3/2 in the Cairo area created over 1125 views in 30 days with over 237 folks interested in a home.

Population within a 25 mile radius is 56,547.

6.7 Miles to Walmart
No street lights
No Dumpsters, (tenants handle their own waste)
Septic tanks are maintained.
This is a well kept, maintained community.
Lot rents average $164.
42 lots, 2 VL, 9 POH, 31 TOH,
Five of the POH are brand new stick built homes.
Well and Septic
Dirt roads
No Survey, map, environmental report available
Age TBD
Population, mixed, mostly families
Available utilities, Water, Sewage
Rent increases as homes become empty.
No leases, month to month
Roads are OK condition.

Bold Springs Park
171 Bold Springs Rd
Cairo Ga 39828

Bold Springs MHP-42 lots, 15.72 acres, elevation 218 ft.
Parcel ID# 00940052002, Zoning N/A.
Grady County,
.
Loan Payments is $2102.52 for Bold Springs. The balance is approx. $245,000ish, used to cover the cost of
the 5 stick built homes (assumable loan) $25,230 in annual loan payments.

Well is monitored and is under water management from Crystal River. Tenants are not billed for water.

PLEASE DO NOT DISBURB THE TENANTS. LET ME KNOW IF YOU WANT TO GO BY OR IF YOU HAVE QUESTIONS.

Assignment Fee included.
Parks Unlimited LLC

Location

Level, under a canopy of Oaks.

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

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 98.0 %
Average MH Lot Rent: $164
Size: 16 acre(s)

Financial Information (Actual)

Gross Income $124,616
Operating Expense $38,591
Net Operating Income $86,025
Expense Ratio 31.0 %
Debt Info assumable $245000

Lot Information

Singlewide Lots: 42

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $700

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