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Photo of Manufactured Home Community
Photo of Manufactured Home Community
Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Listing ID: 363221
- Posted On: Feb 19, 2013
- Updated On: Feb 11, 2015
Description
Pretty park in central GA. Well-managed park Stays full. 72 sites on city water/individual septics. Mostly newer doublewides. No deferred maintenance.
Assumable 1st mort (balance $624,665); 2nd mortgage ($645,335 seller carry), $350,000 down.
Cap rate is 10.3, ROI is 23.4%
Amenities
- Handicap Accessible
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 72 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1989 |
| Average MH Lot Rent: | $200 |
| Size: | 35 acre(s) |
Lot Information
| Doublewide Lots: | 72 |
RV Information
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $350 |
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