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

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

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

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