Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 426914
- Posted On: Mar 2, 2014
- Updated On: Oct 2, 2014
Description
Great income producing investment in Murray County, GA with as many as 25 spaces for rent and fifteen mobile homes owned and rented by seller Financial information is based on fifteen occupied homes. At the time of this listing there are twelve occupied with one to be rented very soon and two to be remodeled then rented. Great place to live! Units fill fast!
Financial information is based on fifteen occupied homes. At the time of this listing there are twelve occupied with one to be rented very soon and two to be remodeled then rented. Units fill fast with an additional 10 spaces ready for homes to produce much more income! Great place to live!
Location
Chatsworth, GA
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 93.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $525 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $88,850 |
| Operating Expense: | $23,000 |
| Net Operating Income: | $65,850 |
| Expense Ratio: | 25.9 % |
| Debt Info: | based on all 15 occupied 14 occupied currently |
Lot Information
| Singlewide Lots: | 13 |
| Doublewide Lots: | 12 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $525 |
