1 Bedroom
1 Bedroom
1 Bedroom

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 37.0%
  • Listing ID: 108547
  • Posted On: Nov 29, 2011
  • Updated On: May 29, 2012

Description

5-Space Mobile Home Park - 4 acres
3 occupied, 2 vacant

BEST PRICE ON THE MARKET!

In the process of renovating the 2 vacant homes. Once completed, the park will be bringing in $2160 a month for a 37% return on your investment!

Tenants take their own garbage to the county dumpster at end of rd. There is also approval for one other pad with all utilities ready. A double wide could easily bring an additional $500 per month.

Expenses:

Property Tax: $712 per year
Insurance: $760 per year
Electric- for well pump and light pole $35 per month

For more information call 404-641-7550

Location

200 Ball Park Rd.
Buchanan, GA

West GA, approximately 45 minutes from Atlanta
about 10 Miles from I-20

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 5
Average MH Lot Rent: $440
Size: 4 acre(s)

Financial Information

Gross Income: $25,920
Operating Expense: $1,892
Net Operating Income: $24,028
Expense Ratio: 7.3 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $440