Mobile Home Park Details

  • Cap Rate: 7.2%
  • Listing ID: 1651528
  • Posted On: Apr 21, 2022
  • Updated On: Jul 8, 2022

Description

Tremendous Investment Opportunity, 22 Unit Mobile Home Park including all Homes.​
Featuring direct bill city water and sewer, paved roads, mostly mid to late 90's model homes, Peachtree B side is

clean and easy to operate with significant upside potential.​

Priced above a 7 cap on 2022 pro-forma, Peachtree B is turnkey with a upside as an average POH rent is below market at $513 p/m.​

Current Rent Roll $11,295 with room for increase as rents are below market.

Location

Located on the main thoroughfare Highway 128 in Oglethorpe

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 100.0 %
Average MH Lot Rent: $513
Size: 6 acre(s)

Financial Information (Pro Forma)

Gross Income: $135,540
Operating Expense: $67,770
Net Operating Income: $67,770
Expense Ratio: 50.0 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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