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Tallapoosa lake MHP 14 U.S. Highway 78, Tallapoosa, GA 30176

Off Market   Price Reduced  

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 19.0% (Actual)
  • Listing ID: 388736
  • Posted On: Jul 24, 2013
  • Updated On: Jun 5, 2017

Description

Beautiful 17 acres of woods with a 10 unit mobile home park and 4 acre lake. the park has septic and a well that works wonderfully!! can add 30-40 pads/lots for mobile homes or RV lots!! park nets about $4000/month!! seller is retiring and asking $260k (firm). This is a 19% return!! park has a nice gravel road that circles through it and by the lake. call me for more info!!

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Park Information

Community Type: All Age
Number of MH Lots: 10
Year Built: 1980
Average MH Lot Rent: $450
Size: 17 acre(s)

Financial Information (Actual)

Gross Income: $53
Operating Expense: $5,415
Net Operating Income: $0
Expense Ratio: 10217.0 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $450