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Address is 4240 Us 17 N Brunswick, GA 31525

Kevan Enger

Capstone Florida

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Druid Oaks

Mobile Home Park for Sale in Brunswick, Georgia

4240 Us 17 N
Brunswick, GA 31525

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Sale Price: $2,650,000
 

Contact Information

Kevan Enger
Capstone Florida
www.capstoneapts.com

Mobile Home Park for Sale

Number of MH Lots: 125
Size: 19 acre(s)
Cap Rate: 7.5%
Status: Sale Pending
Property ID: 853470
Posted on: Sep 01, 2017
Updated on: Oct 22, 2017
Price: $2,650,000

Property Description

Druid Oaks Mobile Home Park in Brunswick, GA is a 125-site park that is well-situated in a thriving coastal community with significant upside potential. With lot rents currently 24% below the submarket average there is an opportunity to increase lot rents on day one, and significantly increase gross potential rent.
The property boasts an ideal location in Brunswick with frontage along US-17, a stretch of road that is currently undergoing feasibility analyses to be widened into a 4-lane highway. This will substantially increase Druid Oaks’ visibility to prospective tenants, as well as create easier access for existing tenants throughout Brunswick. This offering presents the opportunity to acquire a value-add asset located in the path of progress.

Park Information

Number of MH Lots:125
Year Built:1997
Size:19.0 acre(s)