Cartersville GA, 9-unit mobile home park with single family home. Great potential for commercial zoning

For Sale: $350,000

Seller will owner-finance with $150,000 down payment

This park has remained 90-100% occupied historically, retaining a few very long term tenants (up to 8 years). Fully rented, the park generates annual gross revenues close to $68,000.

The property�s approximately 3 acres is surrounded on 3 sides by commercial land, and on the fourth side by a highway slated for widening (work has already begun). The potential for rezoning this property for commercial use is extremely good. Listing price reflects its current rental use, leaving the buyer with the commercial upside potential.

This is a growing, Bartow County area inside the sought-after Woodland school district with shopping about 3 miles away, and I - 75 about 10 minutes away.

The park includes:

1. 1 single family house which rents for $150/week.

2. 4 double-wide units built in the early 90s and 2, 14x70s which rent for $150/week each

3. 2 older units which rent for $100/week

4. 1 privately owned unit which pays $250/month lot rent

5. on-site laundry and storage building

Owner pays for county water, trash removal and laundry room power. Expenses average $12,000 annually including utilities, maintenance, management, & repairs, excluding debt service.

The on-site manager collects rents, and the maintenance person cleans & repairs houses to ready them for tenants.