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 |