Contact Information

P
Parks Unlimited LLC

Mobile Home Park Details

  • Price: $850,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1513136
  • Posted On: Sep 10, 2021
  • Updated On: Mar 15, 2022

Property Description

FOR MORE INFO CLICK LINK BELOW:
https://www.dropbox.com/sh/9e9ou8of9e3dv7t/AADv4xWHZtNCUWmLluG8n-NPa?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 mins to Tallahassee Fl. This park sits in a triangle region of south Ga, centrally located between Albany Ga, Thomasville Ga and Tallahassee Fl. The area is RED HOT!

This park can be coupled with a 42 lot park in Cairo Ga for an additional $1,100,000

Seller keeps great records

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

Population within a 25 mile radius is 56,547. https://www.freemaptools.com/find-population.htm

6.7 Miles to Walmart
No street lights
No Dumpsters,(tenants handle their own waste)
Septics are maintained.
The homes are well kept in a maintained community.
All homes are less than 2016 or better.
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.
Seller will stay on as manager.
Most tenants are on auto draft payments

Old Egg Mobile Home Park
592 Old Egg Rd
Cairo Ga 39828

16 POH, 2 TOH. 14 homes are less than 5 years old.

One home is owned by seller’s family that’s the $118 a month lot rent....below market of course. It’s a new home.

1202.82 and 1172.91 for Old Egg Loan Payment, balance is approx. 237,000ish, (Possibly assumable loan)
Paper is held on all 14 homes which are less than 5 years old.

Old Egg well is not large enough to be monitored. Tenants are not billed for water.
Zero septic issues and zero well issues.

No park map

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

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

Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Average MH Lot Rent: $118
Size: 10 acre(s)

Financial Information (Actual)

Gross Income $113,472
Operating Expense $33,058
Net Operating Income $80,414
Expense Ratio 29.1 %
Debt Info assumable $ 237000

Lot Information

Singlewide Lots: 18

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $590

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