Contact Information

Mobile Home Park Details

  • Price: $2,995,000
  • Cap Rate: 7.2%
  • Property ID: 1651166
  • Posted On: Apr 19, 2022
  • Updated On: Jun 22, 2022

Property Description

Listing Broker : Eric Wanck
Contact Eric Wanck : +1-678-932-0200
LOWNDES COUNTY, GA - The MHP Broker is proud to present Cain's Creekside RV Park and Cain Plantation Estates. This beautifully-maintained property is in Hahira, GA, just 2 miles from Interstate 75, and features 83 total sites among both parks. Historical occupancy is solid, with an average of 95% occupancy year-round.

Cain's Creekside RV Park is a gem of a property with 44 sites and 4 overflow sites. Nearly 78% of the tenants stay by the month, and that trend continues year-round. Each site has full hookups and includes water, sewer, electrical (30 & 50 amp), garbage, lawn maintenance, and free Wi-Fi. The average monthly rate is $450, and there is a beautifully-built cabin on-site with a current 6-month lease at $650/month. There are 6 pull-through sites and 4 overflow sites that are used for nightly and weekly guests. Roads are crushed gravel and in excellent overall condition. The entire park has underground utilities and features a gorgeous rustic office and on-site restrooms.

Cain's Plantation Estates is a 35-space mobile home park (MHP) thats is adjacent to the RV park. There is a total of 25 tenants-owned homes, 6 park-owned homes (POH) and 4 lots rented to RV's. The current lot rent is $250/month, and one of the residents receives free lot rent in lieu of the lawn care/general maintenance. The RV park is self-managed, as roads are paved and maintained by the County! The POH inventory

is mainly late 90's and early 2000's, and are in great condition. The entire property is meticulously-maintained, and tenants love the quiet park setting. Both of the properties operate on well water and septic.

The parks reside on one parcel, and tax records reflect ±63.63 acres in total. The Seller will be subdividing approx. ±21 acres prior to closing that lies north of the MHP boundary.

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Park Information

Number of MH Lots: 83
Total Occupancy: 93.0 %

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6


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