Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.1%
- Listing ID: 1577317
- Posted On: Dec 21, 2021
- Updated On: Apr 20, 2022
Description
With nearly 86% occupancy, 53 POH's and newly paved roads, Peachtree MHC is a stabilized asset with upside. With below market rents, POH's with a NADA value of over $750K. With 48 occupied units and a current rent roll of $24,560 P/M, Peachtree is generating tremendous cashflow with upside in filing the 5 vacant units and guiding rents to FMV.
Half the community is city sewer / city water and the city provides garbage pick up. With recent cap ex investments in roads and the homes, Peachtree MHC provides an excellent opportunity for growth in the MHP space.
Location
Located in Macon County, GA
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 56 |
| Total Occupancy: | 86.0 % |
Financial Information (Pro Forma)
| Gross Income: | $294,720 |
| Operating Expense: | $132,624 |
| Net Operating Income: | $162,096 |
| Expense Ratio: | 45.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 53 |
| Average Rent for Park-owned Homes: | $519 |
