Contact Information
Mobile Home Park Details
- Price: $295,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.5%
- Listing ID: 5879231
- Posted On: May 22, 2024
- Updated On: Jun 8, 2024
Description
Exceptional investment opportunity in a well-managed mobile home community.
A great opportunity with this cash-flowing, stabilized, well maintained mobile home community, well positioned for new and seasoned investors. This mobile home community represents a turnkey investment with significant upside potential. Don’t miss the chance to add a solid, income-generating asset to your portfolio.
Full City Utilities Directly Billed to Residents
All utilities (water, sewer, trash, electric, and internet) are directly billed to residents means no overhead for maintenance or repair on these costly systems.
Tenant Responsible for Home Maintenance
Community is all Tenant Owned Homes (TOH). With residents taking care of their own home maintenance and repairs, operational responsibilities are significantly minimized.
Stable Operations and Collections
Clean premises, stable collections, and smooth daily operations.
Ideal for New Investors
A low-maintenance introduction to mobile home community ownership. New owners can focus on learning the business without the burden of costly infrastructure maintenance or repairs.
Value-Add Potential with Vacant Lots
Potential to increase cash flow and property value by 35% by infilling vacant lots.
Additional Note Income
2 owner financed notes come with the sale, combined value of $24,399.
Call, email, or text to receive pro-forma and other materials.
678 324 4611
management@topshelf.rent
No owner financing available.
Location
Convenient Location with Excellent Access to Amenities
Located in Blakely, GA, the county seat of Early County, this mobile home community offers convenience and accessibility, all within a peaceful and quiet environment:
Convenient Proximity to Essential Services
Just 2 minutes away from the town center, with a wide range of stores and services, including grocery stores, medical facilities, restaurants, pharmacies, and city hall. Everything your residents need is right at their doorstep.
Close to Major Metro
Only a 40-minute drive to Dothan, AL, providing easy access to a larger commercial and suburban area with additional amenities, employment opportunities, and entertainment options. Many of our residents work in the Dothan area.
Serene and Calm Setting
Nestled in a quiet area, the community provides a peaceful living environment, ideal for those seeking a quiet and calm lifestyle. This convenient location not only enhances the quality of life for current residents but also makes it an attractive option for potential residents, ensuring a stable and growing occupancy rate.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 66.0 % |
| Average MH Lot Rent: | $281 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $26,976 |
| Operating Expense: | $3,768 |
| Net Operating Income: | $23,208 |
| Expense Ratio: | 14.0 % |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
