Mobile Home Park Details
- Cap Rate: 9.2%
- Listing ID: 3187503
- Posted On: Jun 20, 2023
- Updated On: May 13, 2024
Description
Investment Highlights:
64 lots
34 mobile homes
30 POH, 4 TOH
Massive Value Add Opportunity
Massive opportunity in the rapidly growing state of Georgia
Location
Cordele Georgia
Located off of i-75 in the watermelon capital of the world Just an 11 minute drive from Crisp County Regional Airport
Within a 10 minute drive of: Walmart, Starbucks, South Georgia Chrysler Dodge Jeep Ram, Home Depot, Cracker Barrel, Wendy's and the Crisp Regional Hospital
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 64 |
| Total Occupancy: | 66.2 % |
Financial Information (Actual)
| Gross Income: | $345,840 |
| Operating Expense: | $54,260 |
| Net Operating Income: | $174,580 |
| Expense Ratio: | 15.7 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
