Photo of Multi family housing
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 12.6%
- Listing ID: 19118
- Posted On: Jan 13, 2011
- Updated On: Jan 25, 2013
Description
124 tariler pads on 20.09 acres along the major Interstate Highway.
Currently 51 pads rented out. Net income is $125,000 on 41% occupancy, has a great potential income for a higher occupancy.
Location
Located along the I-75, prime location. It can be develped to any commercial use. Macon is a city located in central Georgia, US. It is part of the Macon metropolitan area, and the county seat of Bibb County. It lies near the geographic center of Georgia, approximately 85 miles south of Atlanta. Warner Robbins Air Force and Merccer University is near by.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 124 |
| Total Occupancy: | 41.0 % |
| Average MH Lot Rent: | $257 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $165 |
| Operating Expense: | $40 |
| Net Operating Income: | $125 |
| Expense Ratio: | 24.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
