Sands Investment Group is Pleased to Exclusively Offer For Sale the Taylors Creek Mobile Home Park Located at 8101 Elim Church Road NE in Hinesville, GA. This Deal Includes 29 Lots Consisting of 22 Park Owned Homes, 2 Tenant Owned Homes, and 5 Vacant Lots. The Property is Equipped With Well and Septic Utilities and is Located One Hour Outside of Savannah.
HIGHLIGHTS:
• 29 Lot Mobile Home Park Consisting of 22 Park Owned Homes, 2 Tenant Owned Homes & 5 Vacant Lots (Utilities Connected)
• 5 Homes (Lots 4, 11, 12, 17 & 24) on a Lease to Purchase Contract With Legacy Homes Until 2028; At the End of the Lease, the Homes Can Either Be Purchased For Fair Market Value or Renewed to Lease
• Utilities: Well & Septic
• Maintenance Man Lives On-Site; Currently Being Paid an Hourly Rate of $16 P/Hour
• Majority of Park Owned Homes Have Undergone a Recent Renovation
• Market Rents in the Area Are $400 Per Month For Lot Rent and $800 - $1,000 Per Month For Home Rent
• Pro-Forma at Conservative Market Rents, Prices Out to a 12.80% Cap Rate
• Hinesville Has a Population of 34,000+ and is Located Just One Hour Outside of Savannah
• Seller Financing Available For Qualified Buyers; Terms TBD
