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Address is 466 Leard Street Hartwell, GA 30643

Danny Mckenzie

MH Parks Investments LLC

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Hartwell Mobile Home Park

Mobile Home Community for Sale in Hartwell, Georgia

466 Leard Street
Hartwell, GA 30643

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This Mobile Home Park is Off Market

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Mobile Home Park for Sale

Number of MH Lots: 52
Size: 12 acre(s)
Cap Rate: 13.7%
Purchase Method: Cash
Status: Off Market
Property ID: 818309
Posted on: May 31, 2017
Updated on: Nov 02, 2017

Property Description

Whether you are a seasoned buyer or a first time buyer, this is the park for you. 52 improved lots, 45 mobile homes of which only 6 are park owned rentals, 25 homes under lease/ purchase agreements ($200 home / $250 lot rent,$450 total), 3 lot rent only and 8 homes to be remodeled and sold under our program. We have a waiting list of over 20 people waiting to buy. With current annual income of $171,780.00 and $43,200.00 to be added for a total income of $214,980.00 this is a great investment.

Park Information

Number of MH Lots:52
Total Occupancy:67.0%
Year Built:1982
Average MH Lot Rent: $250
Size:12.0 acre(s)

Financial Information (Actual)

Gross Income$171
Operating Expense$24
Net Operating Income$147
Expense Ratio 14.0%
Debt InfoNo debt

Lot Information

Singlewide Lots:50
Doublewide Lots:2
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:6
Average Rent for Park-owned Homes: $400