Contact Information
Mobile Home Park Details
- Price: $2,700,000
- Cap Rate: 10.0%
- Listing ID: 2089316
- Posted On: Feb 27, 2023
- Updated On: Apr 5, 2023
Description
Davies MHP Portfolio features 7 parks across East Alabama and West Georgia, with a total of 137 units.
These properties offer a new owner the opportunity to purchase 137 lots within the same geographical area. Currently there are 73 occupied homes with a remaining 64 sites to be filled & rehabbed. Given the proximity to Columbus, GA and the surrounding metros, there is a good demand for affordable housing in the area.
The communities is advantageously positioned along US-280E & GA-26E, all within an hours drive from Columbus, Georgia.
Phenix City #1 - 2586 Lee Road 208, Phenix City, AL
Total Rental Units: 9
Park Owned Occupied Homes: 3
Park Owned Rehabilitatable Homes: 1
Tenant Owned Homes: 1
Duplexes: 4
1.92 Acres
City Water (included in monthly rent)
Septic Tank
Phenix City #2- 863 Lee Road 234, Phenix City, AL
Total Rental Units: 15
Park Owned Occupied Homes: 15
4.90 Acres
City Water (included in monthly rent)
Septic Tank
Onsite Manager
Grace Street PC - 10& 12 Grace Road, Phenix City, AL
Total Rental Units: 4
Park Owned Homes: 2
Park Owned Rehabilitatable Homes: 2
0.81 Acres
City Water
Septic Tank
All utilities are directly billed to residents.
Cusseta MH Estates - 457 Broad Street, Cusseta, GA
Total Rental Units: +/- 80
Park Owned Homes: 15
Park Owned Rehabilitatable Homes: 17
Tenant Owned Homes: 6
Vacant Pads: 42
17.8 Acres
City Water - Submetered
Septic Tank
Pad count for Cusseta MH Estates is estimated due to overgrowth and may be more or less.
Buena Vista MHP - 138 East Bridges Street, Buena Vista, GA
Total Rental Units: 9
Park Owned Homes: 6
Tenant Owned Homes: 3
Vacant Pads: 1
3.5 Acres
City Water
City Sewer
Ellaville #1 - 120 Pine Circle, Ellaville, GA
Total Rental Units: 11
Park Owned Homes: 8
Tenant Owned Homes: 2
Vacant Pads: 1
3.1 Acres
City Water
City Sewer
573 & 547 Ebenezer Rd is included with 120 Pine Circle.
Ellaville #2 - 355 Pine Drive, Ellaville, GA
Total Rental Units: 5
Park Owned Homes: 3
0.72 Acres
City Water
City Sewer
Location
The communities is advantageously positioned along US-280E & GA-26E, all within an hours drive from Columbus, Georgia.
Park Information
Community Type: | All Age |
Number of MH Lots: | 137 |
Total Occupancy: | 67.0 % |
Size: | 33 acre(s) |
Park-Owned Homes
Number of Park-owned Homes: | 51 |