Mobile Home Park Details
- Listing ID: 1409909
- Posted On: Mar 19, 2021
- Updated On: Aug 23, 2021
Description
**Price TBD by Market**
Capstone Manufactured Housing is pleased to present Lithia Springs Estates. This offering includes 214-sites across 45± acres in Lithia Springs, GA, which is only 20 minutes west of Atlanta. This allows residents to benefit from the quiet living of Lithia Springs, and to also take advantage of the short drive into the capital of Georgia.
As one of the largest communities in the direct vicinity, the homes are spread out in such a way that residents benefit from having a sizable living area. Lithia Springs Estates features two significant value-add opportunities for a new owner—below-market lot rents and below-average occupancy. Filling 10-sites per year, combined with bringing rents up to the market average, would add significant value to the bottom line. This offering presents an opportunity to invest in a community with scaled entry into the Atlanta MSA, as well as excellent curb appeal and substantial rental upside.
Investment Highlights
Lot Rent Growth Potential
Upside in Filling Vacancy
Scaled Entry into Thriving Atlanta MSA
Water & Trash is Billed Back to Residents
Well-Maintained Community with Excellent Curb Appeal
Amenities
- Pool
Park Information
Community Type: | All Age |
Number of MH Lots: | 214 |
Average MH Lot Rent: | $507 |
Size: | 45 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |