Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 0.8%
- Listing ID: 1451763
- Posted On: Jun 3, 2021
- Updated On: Apr 7, 2023
Description
FOR MORE INFO CLICK BELOW LINK:
https://www.dropbox.com/sh/vpp460uu96b3nks/AAAih0_cGvLSuZayEQP_KdRaa?dl=0
This park has tremendous upside. Located in Cairo Ga, just 1.25 hrs from the Gulf, one hour to Albany Ga and 44 min to Tallahassee Fl. This park sits in a triangle region of south Ga centrally located between, Albany Ga, Thomasville Ga and Tallahassee Fl.
This park can be coupled with a 18 lot park located in Cairo Ga
for an additional $850,000 .
The area is RED HOT!
Seller keeps great records
This park has so much potential it is unbelievable. This park comes with 5 newly built tiny homes . You can buy out the home loans or assume them.
An ad for a 3/2 in the Cairo area created over 1125 views in 30 days with over 237 folks interested in a home.
Population within a 25 mile radius is 56,547.
6.7 Miles to Walmart
No street lights
No Dumpsters, (tenants handle their own waste)
Septic tanks are maintained.
This is a well kept, maintained community.
Lot rents average $164.
42 lots, 2 VL, 9 POH, 31 TOH,
Five of the POH are brand new stick built homes.
Well and Septic
Dirt roads
No Survey, map, environmental report available
Age TBD
Population, mixed, mostly families
Available utilities, Water, Sewage
Rent increases as homes become empty.
No leases, month to month
Roads are OK condition.
Bold Springs Park
171 Bold Springs Rd
Cairo Ga 39828
Bold Springs MHP-42 lots, 15.72 acres, elevation 218 ft.
Parcel ID# 00940052002, Zoning N/A.
Grady County,
.
Loan Payments is $2102.52 for Bold Springs. The balance is approx. $245,000ish, used to cover the cost of
the 5 stick built homes (assumable loan) $25,230 in annual loan payments.
Well is monitored and is under water management from Crystal River. Tenants are not billed for water.
PLEASE DO NOT DISBURB THE TENANTS. LET ME KNOW IF YOU WANT TO GO BY OR IF YOU HAVE QUESTIONS.
Assignment Fee included.
Parks Unlimited LLC
Location
Level, under a canopy of Oaks.
Park Information
Community Type: | All Age |
Number of MH Lots: | 42 |
Total Occupancy: | 98.0 % |
Average MH Lot Rent: | $164 |
Size: | 16 acre(s) |
Financial Information (Actual)
Gross Income: | $124,616 |
Operating Expense: | $38,591 |
Net Operating Income: | $86,025 |
Expense Ratio: | 31.0 % |
Debt Info: | assumable $245000 |
Lot Information
Singlewide Lots: | 42 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 9 |
Average Rent for Park-owned Homes: | $700 |