Mobile Home Park Details
- Cap Rate: 7.2%
- Listing ID: 1651528
- Posted On: Apr 21, 2022
- Updated On: Jul 8, 2022
Description
Tremendous Investment Opportunity, 22 Unit Mobile Home Park including all Homes.
Featuring direct bill city water and sewer, paved roads, mostly mid to late 90's model homes, Peachtree B side is
clean and easy to operate with significant upside potential.
Priced above a 7 cap on 2022 pro-forma, Peachtree B is turnkey with a upside as an average POH rent is below market at $513 p/m.
Current Rent Roll $11,295 with room for increase as rents are below market.
Location
Located on the main thoroughfare Highway 128 in Oglethorpe
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $513 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $135,540 |
| Operating Expense: | $67,770 |
| Net Operating Income: | $67,770 |
| Expense Ratio: | 50.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |