Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 1364390
- Posted On: Dec 7, 2020
- Updated On: Apr 13, 2021
Description
Riverbend Mobile Home Community is an established tenant owned Mobile Home Community with 20 homes @ 100% occupancy. We are located within the bustling City of Dalton, Georgia. Riverbend is conveniently located along the I-75 corridor making this community highly accessible and only 1.5 hours from Atlanta, Georgia and only 30 minutes commute to Chattanooga, Tennessee! Current lot rents are below local market and primed for a 10% increase this year! Riverbend is a Golden Opportunity to add a turnkey Community to your Portfolio or a phenomenally stable first time mobile home community investment!
Location
Dalton, Georgia is conveniently located near I-75 and within commuting distance to several major metropolitan cities!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1992 |
| Average MH Lot Rent: | $280 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $67,200 |
| Operating Expense: | $4,000 |
| Net Operating Income: | $63,200 |
| Expense Ratio: | 6.0 % |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $280 |