Mobile Home Park Details
- Cap Rate: 8.6%
- Listing ID: 2027437
- Posted On: Jan 27, 2023
- Updated On: Feb 12, 2024
Description
JTACR Real Estate Group and Coldwell Banker Southern Coast are pleased to present Golden Shore Mobile Home Subdivision: a 62-lot community located in Glynn County, Brunswick, GA.
*Creative Financing Available*
The community is advantageously positioned on Highway 17, half a mile from the Brunswick – Golden Isles Airport, providing excellent accessibility to the entire region as well as easy access to transportation options.
Golden Shores is individually parceled, with City hookups for both Water and Sewer.
This is a 9.1% cap on lot value only!
Tenants pay their own utilities.
Currently Hwy 17 is in the process of being widened, to accommodate for the growth taking place in that area.
Current ownership features opportunity to sell of the remaining park owned homes and in-fill the vacant pad sites, thereby presenting investors with the opportunity to acquire a historically stable, income producing property with immediate rental upside.
Location
- In 2022, 2 lots prepaid for two years worth of lot rent. This will be additional revenue beginning in early 2024
- 6 lots have no homes on them currently. This is an opportunity to bring in homes and increase the overall occupancy of the community
Park Information
Community Type: | All Age |
Number of MH Lots: | 62 |
Total Occupancy: | 87.0 % |
Year Built: | 1980 |
Average MH Lot Rent: | $425 |
Size: | 11 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |