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Address is 4129 Brown Bridge Rd. Dalton, GA 30705

Ted Thompson

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57 Unit -Joe Garmleys Mobilehome Rentals

Manufactured Home Community for Sale in Dalton, Georgia

4129 Brown Bridge Rd.
Dalton, GA 30705

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Mobile Home Park for Sale

Number of MH Lots: 57
Size: 28.8 acre(s)
Cap Rate: 12.3%
Status: Active
Property ID: 15401
Posted on: Aug 17, 2010
Updated on: Aug 28, 2012

Property Description

** Acreage- 28 ¾ +/- ** Owners Custom Built (1990) Home, 2392 Sq Ft, 4Br 2Bth, w/wrap around porch, 18x36 In ground Pool, 2 Car detached garage, Updated Kitchen, Corian counter tops, Tile, Hardwood and carpet through out, (Home would rent for $1,200+/Mo.) Separate 2BR-1Bth Apartment that rents for $672/Mo.(840 SF_ A 40x60 Barn, 6 Ac. “Stocked” Lake. ** 24 Mini-Warehouses, rents @ $40/Mo/unit. (70 x 28’ Bldg)+ Room to expand. ** Current Annual Gross - $178.2K * NOI $159,2K * CAP 12.3% ** Improved Mobile Home lots- 31. ** Lots are on Septic Tanks, public Water, (2-200’ deep wells- Stand-by), Electrical is individually metered.

** On Site Maintenance and Management. ** 31 Mobile homes are owned by the Park. ** Homes rents vary, average $415/Mo. ** Streets are graveled.The Conasauga River joins the property. ** Owner will separate and sell 26 MHomes on 20 Ac for $750,000

Location Description

Market Type: Rural Property Located Between: Dalton and Chatsworth Side of Street: East Road Type: Paved, Gravel Transportation: Highway Site Description: Ruaal Area Description: Near industry, shopping etc.

Park Information

Number of MH Lots:57
Total Occupancy:97.0%
Year Built:1990
Average MH Lot Rent: $415
Size:28.8 acre(s)

Financial Information (Pro Forma)

Gross Income$185,220
Operating Expense$23,940
Net Operating Income$159,232
Expense Ratio 12.9%
Debt Info

Utility Information

Water Paid By: Park

Park-Owned Homes

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

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