Mobile Home Park Details

Purchase Method: Cash
Cap Rate: 12.0%
Listing ID: 1266190
Posted On: Jun 4, 2020
Updated On: Jun 9, 2020

Description

Lawson MHP-17 lots, located in the heart of Tifton Ga. Population within a 25 mile radius is 160,000. No problem keeping good tenants. All utilities are direct bill. Just minutes to 75 South. 2.9 miles to Walmart. City water and city sewer. Gross collections around $67,900.

One house, 16 POH, 0 TOH, 1 VL,

Lawson Court Mobile Home Park located at 101 thru 118 LAWSON COURT Tifton Ga

Lawson MHP has individual lots and the streets are city streets.

A value added opportunity by adding 2 NEW homes and turning park into a TOH community, creating an income only valuation of nearly $600K .

Lot rents should be $350-$395

More more info: https://www.dropbox.com/sh/h518iqwd8c89azi/AABybkxEvl-PPbdPVo4M-hjza?dl=0

Information contained in this document has been obtained from sources believed to be reliable and accurate, It has not been verified and makes no guarantee, warranty or representation regarding it. It is the potential buyers responsibility to independently confirm the accuracy and completeness of property information. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The information contained herein should be independently determined or confirmed and evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Location

If knowledge and expertise are the hot commodities for business and industry, Tifton, Georgia is the power grid. From an amazing concentration of world-renowned research facilities and leading scientists, a skilled workforce and a prime southeastern United States location, companies can plug directly into critical resources they need to thrive.

Life outside of work is pretty great in Tifton. From a regional medical center with over 100 physicians, low crime rate and a low cost of living to quality public and private schools, a growing arts community and abundant outdoor recreation, it's no surprise that Tifton was named one of the "100 Best Small Communities in America". Come to Tifton, and relocate to south Georgia.

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