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Shady Oaks MHP Somewhere in Georgia

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.8% (Actual)
  • Listing ID: 1613116
  • Posted On: Mar 1, 2022
  • Updated On: May 28, 2022

Description

17 Pads, 14 Park owned homes, 1 SFH, 2 vacant pads
** Do Not Disturb Tenants **

Location

1-95 East on 82, in Atkinson go South on Old Hwy 259, (next to Satilla Grocery), 1.25 approximately to Shady Oaks MHP on the east side.
** Do Not Disturb Tenants **

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 82.0 %
Average MH Lot Rent: $465
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $74,000
Operating Expense: $16,000
Net Operating Income: $58,000
Expense Ratio: 21.6 %
Debt Info: PMM

Lot Information

Singlewide Lots: 16
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $610

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