Contact Information
Mobile Home Park Details
- Price: $2,475,000
- Cap Rate: 9.2%
- Listing ID: 6706716
- Posted On: Aug 27, 2024
- Updated On: Aug 28, 2024
Description
Rosetown Mobile Home Park is a beautiful, clean, tree lined, all ages park. The park has a country feel, but is located in the Augusta Georgia metropolitan area in a strong rental market with a need for affordable housing. Great on site manager in place. Park is running well, and has potential for upside.
Location
Hephzibah, GA
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 70 |
| Year Built: | 1970 |
| Size: | 20 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $396,998 |
| Operating Expense: | $160,656 |
| Net Operating Income: | $236,342 |
| Expense Ratio: | 40.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 51 |
| Average Rent for Park-owned Homes: | $600 |
