Mobile Home Park Details

  • Cap Rate: 7.6%
  • Property ID: 999141
  • Posted on Oct 16, 2018

Property Description

The MHP Broker brings to you the sale Pecan Park Mobile Home Community situated in Ludowici, Georgia. This is a Well-located, stabilized Mobile Home Park (MHP) with plenty of up-side in a strong market. Pecan Park Mobile Home Estates has 50 mobile home pads and 2 frame houses located on the property, one of which the on-site manager resides. Current occupancy is roughly 98%.

This MHP has Direct Water and Sewer, which is a rare and important attribute in the MHP industry. There are 50 single-wide park-owned homes (POH) and two double-wide park-owned homes that are in good to average condition, of mostly low to mid-1990's models. The privately maintained roads are paved and in good condition, as our offering price suggests. The park is NOT in a flood zone. This park is located in an excellent area near Fort Stewart, GA and about 70 Miles, or about 1 hour from Historic Savanah, GA.

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Park Information

Number of MH Lots: 52
Total Occupancy: 98.0 %
Average MH Lot Rent: $200
Size: 12.5 acre(s)

Financial Information

Gross Income $121
Operating Expense $51
Net Operating Income $69
Expense Ratio 42.1 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 52

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