Mobile Home Park Details
- Cap Rate: 3.3%
- Listing ID: 1536435
- Posted On: Oct 14, 2021
- Updated On: Jan 4, 2022
Description
https://estersonmhcteam.com/property/sunset-mhp
Contact Dylan Hellberg for more information
Seller Financing Available
Located in the Warner Robins, GA MSA, this is a value add opportunity with small infill component and immense upside in lot rent. This park is located in an opportunity zone.
Sunset MHC is a value-add opportunity that consists of 20 MH lots with 13 tenant owned homes, 4 rent to own units, 1 vacant park owned home, and 2 vacant MH lots. The average lot rental rate is $122 per month, and the average rent to own payment is $407 per month.
The park is a year-round, all-ages community that is serviced by public water and sewer that’s billed directly to tenants. Electricity and trash are also billed directly to tenants. Trash is serviced by curbside bins. The vacant park owned home is an older model and in very rough condition. The vacant lots are active and are ready for homes to the best of our knowledge. The roads are paved and in average shape as our offering price suggests.
We are asking that investors submit offers at or above $300,000. Seller financing is available for qualified buyers on this deal.
Park Information
Number of MH Lots: | 20 |
Total Occupancy: | 85.0 % |
Average MH Lot Rent: | $122 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $25,088 |
Net Operating Income: | $8,249 |
Utility Information
Water: | City |
Sewer: | City |