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Address is 519 Mohawk St Rossville, GA 30741

Gene Fernandez

Pear pine mobile home park

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3- Unit Mobile Home Package 35% Cap Rate!!

Multi Family Housing for Sale in Rossville, Georgia

519 Mohawk St
Rossville, GA 30741

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Mobile Home Park for Sale

Number of MH Lots: 3
Size: 0.3 acre(s)
Cap Rate: 27.0%
Purchase Method: Cash
Status: Sold
Property ID: 413790
Posted on: Nov 08, 2013
Updated on: Feb 10, 2014

Property Description

We are offfering a 3 unit mobile home package for sale in Rossville, Ga, with a 35% CAP rate.

The newly renovated homes are located in a quiet neighborhood around Lookout Mountain, just 5 minutes away from major shopping and attractions.

Two of the homes are from 1999 and feature central heating, storage facilities, and an extended yard. The third unit is from 1979, and includes an extended porch & backyard with a small creek.

All 3 units have been newly renovated and include:

- New Carpets & Flooring

- New Paint

- Appliances

- Granite Counter tops

Tenants have just signed new lease agreements.

The units are individually metered & require a lot rent of $150.

Cap rate after lot rent payment is 41%.

Rents are as follows:

519 Mohawk St: $500

522 Mohawk St $500

25 Ellis Rd: $475 ------------------------- Monthly Income = $1,475 - Lot Rent= $ 450 --------------------------

Net Income= $1,025/mo.

The units are in great shape.

Please feel free to contact us with any questions.

Thanks & Have a Great Day!!

(312) 619 0642

Park Information

Number of MH Lots:3
Total Occupancy:100.0%
Year Built:1999
Average MH Lot Rent: $500
Size:0.3 acre(s)

Financial Information (Actual)

Gross Income$1,475
Operating Expense$5,400
Net Operating Income$12,300
Expense Ratio 366.1%
Debt Info

Lot Information

Singlewide Lots:3

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:3

Amenities and Other

Storage: Yes

Zip codes in Rossville, GA

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