Mobile Home Park Details

  • Cap Rate: 6.4%
  • Property ID: 1567490
  • Posted On: Dec 6, 2021
  • Updated On: Oct 5, 2022

Property Description

True Turn Key Investment - 98 Developed lots - city water & sewer - direct bill and city trash pick up. Great infrastructure in solid market, low unemployment and strong demand. 60 homes on site, 57 residents, with only 6 POH's. Regency Village is tremendous cash flow generator with low overhead in a solid market. Pro-Forma cap
rate of 6.5%.

Perfect for the new investor or a seasoned operator looking to expand their portfolio.

Location

Across the recently expanded Highway 133 connecting Albany to Valdosta. Great visibility.

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Park Information

Community Type: All Age
Number of MH Lots: 98
Total Occupancy: 57.0 %
Average MH Lot Rent: $330
Size: 14 acre(s)

Financial Information (Pro Forma)

Gross Income $288,517
Operating Expense $94,891
Net Operating Income $193,626
Expense Ratio 32.9 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $550

Video

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