Property Description

HOUSE W/ MOBILE HOME PARK FOR SALE
4.75 Acres in Northwest Georgia with 3 bedroom 2 bath home , a double wide with 3 bedrooms and 2 baths..... then 8 single wide mobile homes all recently renovated and all rented. Tenants pay their own power and also pay $30 per month for water. For more information call 706-264-8867... please leave message and we will return call within one business day.

SALES PRICE $375,000
CAP RATE 12%

ANNUAL RENTAL INCOME : $76,908

EXPENSES
Lost rents ( 10%) $7,690.80

PROPERTY TAXES $1,291
INSURANCE (ESTIMATE) $4,000
GARBAGE SERVICE $1,200
MAINTENANCE $10,250
LAWN SERVICE $1,500
UTILITIES (power ) $1,200
UTILITIES (water ) $3,600

TOTAL ANNUAL EXPENSES $23,041

ANNUAL NET INCOME $46,176
Monthly Net Income $3,848.03

Mobile Home Park Details

  • Price:
  • Purchase Method: New Loan
  • Cap Rate: 12.0%
  • Property ID: 865935
  • Posted on Oct 6, 2017
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Year Built: 1980
Average MH Lot Rent: $641
Size: 4.8 acre(s)

Financial Information (Pro Forma)

Gross Income $76,908
Operating Expense $30,732
Net Operating Income $46,176
Expense Ratio 40.0 %
Debt Info

Lot Information

Singlewide Lots: 8
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $641

Other Listings by Charlie White

Similar Mobile Home Parks for Sale